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