OTTO MARINE LIMITED

(Company Registration Number 197902647M)

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

GO MARINE GROUP PTY LTD INCREASE THE PAID UP CAPITAL OF GO OFFSHORE (ASIA) PTE. LTD.


Otto Marine Limited (the "Company") wishes to announce that Go Marine Group Pty Ltd
("Go Marine"), a 90% owned subsidiary of the Company has increased the paid up capital of its wholly-owned subsidiary, Go Offshore (Asia) Pte. Ltd. ("Go Offshore") from S$500 to S$50,000.
The increase of paid up capital was funded internally and is not expected to have any material financial impact on the consolidated net tangible assets per share and consolidated earnings per share of the Company and its Group for the current financial year ending 31 December 2014.
Michael See Kian Heng
Executive Director and Group Chief Financial Officer
10 January 2014

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