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-
2.

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