OTTO MARINE LIMITED

(Company Registration Number 197902647M)

(Incorporated with limited liability in the Republic of Singapore on 5 September 1979)

INCORPORATION OF A SUBSIDIARY


Otto Marine Limited (the "Company") wishes to announce that its wholly-owned subsidiary, Surf Subsea Pte. Ltd., has incorporated a wholly-owned subsidiary, the details of which are stated below:
Name of Company : Surf Ventures Pte. Ltd. Paid up Share Capital : S$50,000
Principal Activity : Investment holding company
Place of incorporation : Republic of Singapore
Date of Incorporation : 18 March 2014
The investment in the above subsidiary is funded through internal resources and is not expected to have any material financial impact on the consolidated net tangible assets per share or consolidated earnings per share of the Company and the Group for the current financial year ending 31 December 2014.

Submitted by

Michael See Kian Heng
Group Executive Director
18 March 2014

distributed by