OTTO MARINE LIMITED

(Company Registration Number 197902647M)

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

ACQUISITION OF SHARES IN GO MARINE GROUP PTY LTD


Otto Marine Limited (the "Company") refers to the announcements dated 19 May 2014, 20 May
2014, 15 June 2014, 19 June 2014 and 4 July 2014 in relation to the above-mentioned subject matter (the "Announcements"). All capitalised terms undefined in this announcement shall assume the same meanings as ascribed to them in the Announcements.
The Company wishes to announce that the Acquisition has been successfully completed. The Company has issued and allotted 87,880,281 Consideration Shares to Mr. Garrick James Stanley, and M Squared has effected the transfer of the Sale Shares to OVPL as directed by the Company.
Go Marine Group Pty Ltd is now a direct wholly-owned subsidiary of OVPL and an indirect wholly- owned subsidiary of the Company.
Submitted by:
Michael See Kian Heng
Group Executive Director
9 July 2014

distributed by