Bangkok--8 Jul--Precious Shipping Precious Shipping PCL (PSL) announced the execution of a secured loan facility of US Dollars 398.40 million to finance 15 new ships recently ordered by the Company and expected to be delivered between 2010 and 2012. The facility is jointly arranged by DnB NOR Bank, Singapore Branch and Kasikornbank, and also has 3 other International Banks as participants. Seen above on the occasion of the recent signing of the facility agreements (L to R) : Mr. Khushroo Wadia - PSL’s Executive Director, Dr. Piti Tantakasem- KBank’s First Senior VP, Mr. Khalid Hashim - PSL’s Managing Director, Mr. Nopadej Karnasuta - KBank’s VP, and Mr. Komkrid Borpitpitak- KBank’s Relationship Manager. Please find more information at http://www.preciousshipping.com or contact Teerada T. (PR Exe. & Corporate Affairs) at Tel : (+662) 696 8820 Fax : (+ 662) 633 8460 E-mail : [email protected]