Otto Marine : Profit Warning For The First Quarter Ended 31 March 2014

(UEN : 197902647M)

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

Otto Marine Limited (the "Company") wishes to issue a profit warning regarding the financial results of the Company and its subsidiaries (the "Group") for the first quarter ended 31 March 2014 ("1Q
2014").
The Group is expected to report a loss for 1Q 2014 primarily due to lower utilization resulting from the docking of several vessels for survey as required by class rules on a periodic basis over a 5 year cycle and the re-position and mobilization of some other vessels.
Submitted by
Michael See Kian Heng
Group Executive Director
10 May 2014

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