The Board of Directors of FSL Trust Management Pte. Ltd., as Trustee-Manager of First Ship Lease Trust, announced the formation of a Remuneration Committee, with effect from September 06, 2016. The Remuneration Committee comprises the following directors: Mr. Simon Davidson (Independent Director), Mr. Michael Gray (Independent Director), Mr. Michael Oliver(Independent Director) and Mr. Esben Poulsson (Independent Director). Mr. Simon Davidson was elected as the Chairman of the Remuneration Committee.