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 90%-owned subsidiary, Go Offshore (Asia) Pte Ltd., has incorporated a wholly-owned subsidiary, the details of which are stated below:-
Name of Company : Go Offshore (UK) Limited
Paid up Share Capital : £1
Principal Activity : Chartering of vessel Place of incorporation : United Kingdom Date of incorporation : 2 April 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
4 April 2014

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