GasLog Acquires LNG Carrier

GasLog Ltd. ("GasLog" or the "Company")

today announced that it has signed a memorandum of agreement to acquire the STX Frontier, a 2010-built, 153,600 cubic meter LNG carrier from STX Pan Ocean LNG PTE. Ltd. ("STX Pan Ocean"), a Singapore based company. The intention is that GasLog will take over the vessel from STX Pan Ocean early in the fourth quarter of 2013 in Spain, which makes her well positioned to take advantage of the current tight supply of tonnage for this winter in the Atlantic. Paul Wogan, CEO; said, "We are delighted to announce this acquisition. We believe this modern asset will provide great value for our shareholders based on the attractive purchase price and our expectations