Orient Overseas International : OOIL announces operational update for the 4th quarter 2017

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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 FOURTH QUARTER ENDED 31ST DECEMBER 2017

The Board of Directors (the "Board")of Orient 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 fourth quarter of 2017 (ended 31st December 2017). The comparative figures for the fourth quarter of 2016 (ended 31st December 2016) are also disclosed in this announcement.

For the fourth quarter of 2017 (ended 31st December 2017), total volumes were 3.3% down from the same period last year. Total revenues increased by 6.0% to US Dollars 1,380.5 million. Loadable capacity increased by 1.0%. The overall load factor was 3.7% lower than the same period in 2016. Overall average revenue per teu increased by 9.6% compared to the fourth quarter of last year.

For the full year of 2017 (ended 31st December 2017), total volumes increased by 3.6% over the same period last year and total revenues recorded a 15.4% growth. Loadable capacity increased by 5.1%. The overall load factor was 1.2% lower than the same period in 2016.

Overall average revenue per teu increased by 11.4% compared to the same period last year.

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ORIENT OVERSEAS CONTAINER LINE

Q4 2017	Q4 2016	change	FY 2017	FY 2016	change
LIFTINGS(TEU's):
Trans-Pacific	472,503	439,620	+ 7.5%	1,812,378	1,558,495	+ 16.3%
Asia / Europe	293,457	264,410	+ 11.0%	1,137,859	950,649	+ 19.7%
Trans-Atlantic	109,916	104,323	+ 5.4%	430,296	395,927	+ 8.7%
Intra-Asia / Australasia	736,857	859,196	- 14.2%	2,918,202	3,175,611	- 8.1%
TOTALALLSERVICES	1,612,733	1,667,549	- 3.3%	6,298,735	6,080,682	+ 3.6%
REVENUE(USD 000's) :
Trans-Pacific	531,563	496,112	+ 7.1%	2,066,917	1,723,268	+ 19.9%
Asia / Europe	270,463	217,663	+ 24.3%	1,102,174	765,798	+ 43.9%
Trans-Atlantic	124,594	129,863	- 4.1%	495,353	517,530	- 4.3%
Intra-Asia / Australasia	453,887	458,799	- 1.1%	1,760,690	1,694,553	+ 3.9%
TOTALALLSERVICES	1,380,507	1,302,437	+ 6.0%	5,425,134	4,701,149	+ 15.4%

Performance is dependent upon costs and expenses

CAUTION STATEMENT

The Board wishes to remind investors that this operational update for the fourth quarter ended 31st December 2017is based on the Group's internal records and management accounts and has not been reviewed or audited by the auditor.Investors are cautioned not to rely unduly on the operational update for the fourth quarter ended 31st December 2017. 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, 26th January 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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