Orient Overseas International : ​​OOIL Announces Operational Update for the 2nd Quarter 2018

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ORIENT OVERSEAS (INTERNATIONAL) LIMITED東方海外（國際）有限公司*

(Incorporated in Bermuda with limited liability)

(Stock code: 316)

UNAUDITED QUARTERLY OPERATIONAL UPDATE FOR THE SECOND QUARTER ENDED 30TH JUNE 2018

The Board of Directors (the "Board") ofOrient Overseas (International) Limited (the"Company") has adopted a policy of announcing unaudited operational updates for Orient Overseas Container Line ("OOCL") on a quarterly basis. This announcement sets out theunaudited operational update for OOCL for the second quarter of 2018 (ended 30th June 2018).

The comparative figures for the second quarter of 2017 (ended 30th June 2017) are also disclosed in this announcement.

For the second quarter of 2018 (ended 30th June 2018), total volumes were 4.6% up from the same period last year. Total revenues increased by 4.0% to US Dollars 1,462.4 million.

Loadable capacity increased by 4.7%. The overall load factor was at par with the same period in 2017. Overall average revenue per teu decreased slightly by 0.6% compared to the second quarter of last year.

For the first six months of 2018 (ended 30th June 2018), total volumes increased by 6.0% over the same period last year and total revenues recorded a 9.6% growth. Loadable capacity increased by 9.9%. The overall load factor was 3.1% lower than the same period in 2017.

Overall average revenue per teu increased by 3.5% compared to the same period last year.

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ORIENT OVERSEAS CONTAINER LINE

Q2 2018	Q2 2017	change	1H 2018	1H 2017	change
LIFTINGS(TEU's):
Trans-Pacific	505,712	471,612	+ 7.2%	963,173	865,081	+ 11.3%
Asia / Europe	335,094	295,216	+ 13.5%	637,773	546,505	+ 16.7%
Trans-Atlantic	106,124	108,577	- 2.3%	209,172	209,438	- 0.1%
Intra-Asia / Australasia	744,608	741,254	+ 0.5%	1,460,998	1,465,652	- 0.3%
TOTALALLSERVICES	1,691,538	1,616,659	+ 4.6%	3,271,116	3,086,676	+ 6.0%
REVENUE(USD 000's) :
Trans-Pacific	587,165	527,993	+ 11.2%	1,116,157	971,709	+ 14.9%
Asia / Europe	302,601	298,677	+ 1.3%	583,932	525,969	+ 11.0%
Trans-Atlantic	124,531	124,792	- 0.2%	245,419	243,404	+ 0.8%
Intra-Asia / Australasia	448,118	454,438	- 1.4%	895,466	850,147	+ 5.3%
TOTALALLSERVICES	1,462,415	1,405,900	+ 4.0%	2,840,974	2,591,229	+ 9.6%

Performance is dependent upon costs and expenses

CAUTION STATEMENT

The Board wishes to remind investors that this operational update for the second quarter ended 30th June 2018is based on the Group's internal records and management accounts and has notbeen reviewed or audited by the auditor.Investors are cautioned not to rely unduly on the operational update for the second quarter ended 30th June 2018. Investors are advised to exercise caution in dealing in the shares of the Company.

By order of the Board

Orient Overseas (International) Limited

Lammy LEE

Company Secretary

Hong Kong, 27th July 2018

As at the date of this announcement, our Executive Directors are Messrs. TUNG Chee Chen, TUNG Lieh Cheung Andrew and TUNG Lieh Sing Alan; our Non-Executive Director is Professor Roger KING and our Independent Non-Executive Directors are Mr. Simon MURRAY, Mr. CHOW Philip Yiu Wah, Professor WONG Yue Chim Richard, Mr. CHENG Wai Sun Edward and Mr. KWOK King Man Clement.

*For identification purpose only website:http://www.ooilgroup.com

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