Jinhui Shipping and Transport Ltd.

Major Shareholding Notification • Apr 23, 2010

Shareholding declaration - Jinhui Shipping and Transportation Limited

Oceanic Hedge Fund purchased 502,000 shares in Jinhui

Shipping and Transportation Limited on 16th April

2010. Oceanic Hedge Fund hereafter own a total of

5,326,389 shares in Jinhui Shipping and

Transportation Limited equal to 5.37 % of the

outstanding shares.

As per the filing regulations set out in the

Norwegian Securities Trading Act ("STA") section 4-

Name of issuer - Jinhui Shipping and Transportation

Limited Ticker JIN NO

Date of passing the threshold - 16th April

2010

Beneficial Owner - Oceanic Hedge Fund

Number of shares covered by notice - Total - 502.000

shs.

Subsequent ownership / voting position -

Total - 5,326,389 shs.

Holdings represented by rights to shares - Zero

Description of situation leading to the

passing of the threshold - Market Trade

Ownership chain - SEB Oslo -

JPMorgan CC - Oceanic Hedge Fund