OTTO MARINE LIMITED

(UEN : 197902647M)

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

GRANT OF SHARE AWARDS PURSUANT TO THE OTTO MARINE SHARE AWARD SCHEME ("SHARE AWARD SCHEME")


Pursuant to Rule 704(29) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Board of Directors of Otto Marine Limited ("the Company") wishes to announce the following details pertaining to the grant of share awards (the "Awards") pursuant to the Share Award Scheme:
(a) Date of Awards: 13 March 2014
(b) Exercise price of Awards NA
granted:
(c) Number of shares awarded: 2,000,000
(d) Market price of its shares on the date of Awards:
S$0.08
(e) Number of shares awarded to each director and controlling shareholder (and each of their associates), if any:
Michael See Kian Heng, Group Executive Director
2,000,000 shares
(f) Validity period of the Awards: NA

By Order of the Board

Garrick Stanley
Executive Director and Group CEO
13 March 2014

distributed by