Report on Acquisition of Investment in Securities

The Board of Directors of Samudera Shipping Line Ltd ("the Company") wishes to announce that the cost of investments held by the Company in quoted securities as at 30 June 2003 is 5.26% of the Group's consolidated net tangible assets ("NTA") based on the latest audited financial statements as at 31 December 2002.

	As at 31/05/2003	As at 30/06/2003
Aggregate cost of Quoted Securities	7,358,838	10,083,422
% of latest audited Net Tangible Assets	3.84%	5.26%
Total Market value	7,483,943	10,200,827
Net Tangible Assets as at 31 December 2002	191,678,675	191,678,675

At this point in time, the Company has not made any provision in diminution in value for this investment.



Submitted by
Anwarsyah, Executive Director
on 04/08/2003 to the SGX