FSL Trust Management Pte. Ltd. announced the appointment of Michael G Gray as Independent Director of First Ship Lease Trust, effective immediately. Mr. Gray is also appointed as the new Chairman of the Board's Audit Committee with immediate effect.

Mr. Gray is an active member of the Singapore Institute of Directors, where he is a member of the Publications Committee and former editor of the SID Bulletin. He is also an Independent Director and Chairman of Audit Committee for a number of other Singapore publicly-listed companies.