GESHIPPING

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has taken delivery of one 1988 built 96,551 DWT Aframax Crude Carrier. The Vessel has been renamed 'Jag Labh'. The details of the press release issued by the Company regarding the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Great Eastern Shipping Co. Ltd. has informed the Exchange that the BODs at their meeting held on January 27,2005 have declared an interim dividend of Rs.2.50 per share to the equity shareholders of the company which will be paid to the equity shareholders on or after February 14,2005.

Great Eastern Shipping Co. Ltd. has informed the Exchange that the BOD's of the Company vide circular resolution dated January 20, 2005 have fixed February 07, 2005 as Record Date for the purpose of ascertaining the shareholders eligible for receiving the interim dividend if declared by the BOD's at their meeting to be held on January 27, 2005. The interim dividend, if declared by the BOD's will be paid to the shareholders on or after February 14, 2005.

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has sold and delivered the 1986 built Aframax Tanker "Jag Larjish". The company has issued a press release regarding the same. The details of the press release issued by the Company shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has contracted to buy a 1988 built Aframax crude carrier. The 96551 dwt vessel built at Sumitomo Heavy Industries, Japan is expected to be delivered in the fourth quarter of FY 2004-05. The Company's current fleet of 71 vessels comprises 41 ships and 30 offshore assets. The company also has 15 newbuilding vessels on order with deliveries starting from January 2005.

Great Eastern Shipping Co. Ltd. has informed the Exchange that at its meeting held on October 29, 2004 the BOD have declared an interim dividend of Rs.3.50 per share to the equity shareholders of the company which will be paid to the equity shareholders on or after November 10, 2004. The Company has further informed that they have entered into a MOA for sale of 1986 built 105,391 DWT Aframax Tanker 'Jag Larjish' to be delivered in quarter ending December 2004.

Great Eastern Shipping Co. Ltd. has informed the Exchange that the interim dividend, if declared by the BOD at their meeting to be held on October 29, 2004, will be paid to the shareholders on or after November 10, 2004.

Great Eastern Shipping Co. Ltd. has informed the Exchange that the BoD's of the company vide circular resolution dated October 20, 2004 have fixed November 04, 2004 as Record Date for the purpose of ascertaining the shareholders eligible for receiving the interim dividend if declared by the BoD's at the meeting to be held on October 29, 2004.

Great Eastern Shipping Co. Ltd. has informed the Exchange that they have acquired a 17577 dwt LPG Carrier. Now named 'Jag Viraj', the ship was built in 1991 at Hyundai Heavy Industries Co. Ltd., South Korea. The acquisition forms part of the Company's plan to build a minimum sized fleet in each of the energy transportation business. The Company acquired the ship with a three year time charter with an option for one more year, thereby derisking its earnings. With this addition, the Company's total fleet size has increased to 71 vessels comprising 41 ships (13 crude tankers, 17 product tankers,

Great Eastern Shipping Co. Ltd. has informed the Exchange that GE Shipping signed a contract for 2 new building MR Product / Chemical carriers of 37000 dwt each. The product carriers with "1A Ice Class" notation will be built at Hyundai Mipo Dockyard Co. Ltd, S. Korea with deliveries scheduled in February and April 2007. The decision to contract the said tankers is in alignment with the Company's overall strategy to provide greater value to its customers.

Great Eastern Shipping Co. Ltd. has informed the Exchange that the Company has taken delivery of a newbuilding Medium Range (MR) product carrier, the 17th product carrier in its fleet. The 46,319 dwt tanker was ordered in February 2003 and built at Hanjin Heavy Industries & Construction Co. Ltd., South Korea. With the inclusion of 'Jag Pahel', the company's fleet size increased to 72 vessels comprising 40 ships aggregating 2.85 Mn dwt and 32 offshore vessels. The Company's tanker fleet, which forms around 88% of its shipping tonnage, has an average of 12.6 years as against the global average a

Great Eastern Shipping Co. Ltd. has informed the Exchange that to meet the industry requirements, GE Shipping is rejuvenating its offshore fleet profile and has sold two Offshore Supply Vessels - Malaviya Eleven and Malaviya Fourteen. Both the vessels were built at Greenbay Marine Pte Limited, Singapore in 1989. The offshore division's fleet now stands at 30 vessels with the company's total fleet size at 70 vessels. The company also has 13 new building vessels on order.

Great Eastern Shipping Co. Ltd. has informed the Exchange that they have ordered two Platform Supply Vessels (PSVs) with Aker Brattvaag, Norway. The UT 755 L design PSVs are expected to be delivered in 2006-07. With this, the company's order book stands at 14 vessels - 8 offshore support vessels with deliveries commencing from January 2005 and 6 tankers with deliveries commencing from October 2004. The Company's current fleet of 71 vessels includes 39 ships (30 tankers and 9 drybulk carriers) and 32 offshore vessels (2 exploratory rigs, 18 offshore support vessels, a construction barge and 11