Jinhui Shipping and Transport Ltd.

Major Shareholding Notification • Jun 24, 2010

Shareholding declaration - Jinhui Shipping and Transportation Limited (Ticker JIN NO)

Oceanic Hedge Fund disposed of 1,300,000 shares in

Jinhui Shipping and Transportation Limited on 21st

June 2010. Oceanic Hedge Fund hereafter own a total

of 3,238,971 shares in Jinhui Shipping and

Transportation Limited equal to 3.85 % of the

outstanding shares.

As per the filing regulations set out in the

Norwegian Securities Trading Act ("STA") section 4-2.

Name of issuer - Jinhui Shipping and Transportation

Limited Ticker JIN NO

Date of passing the threshold - 21st June 2010

Beneficial Owner - Oceanic Hedge Fund

Number of shares covered by notice - Total -

1,300,000 shs.

Subsequent ownership / voting position - Total -

3,238,971 shs.

Holdings represented by rights to shares - Zero

Description of situation leading to the

passing of the threshold - OTC transfer

Ownership chain - SEB Oslo - JPMorgan CC - Oceanic

Hedge Fund