OTTO MARINE LIMITED

(Company Registration Number 197902647M)

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

UPDATE TO THE ANNOUNCEMENT OF APPOINTMENT OF EXECUTIVE DIRECTOR AND GROUP CHIEF EXECUTIVE OFFICER


This is with reference to the announcement released on 5 August 2013 in relation to the above-mentioned subject matter.
Otto Marine Limited (the "Company") wishes to clarify that in addition to Mr. Garrick Stanley's shareholding in the Company, which was previously disclosed, Mr. Garrick Stanley also has a deemed interest in 28,088,461 ordinary shares (5% of the issued and outstanding shares) in Go Marine Group Pty Ltd, a 90% owned subsidiary of the Company.
The shares in Go Marine Group Pty Ltd in which he has a deemed interest are held by
M Squared Nominees Pty Ltd. By Order of the Board
Michael See Kian Heng
Executive Director & Group Chief Financial Officer
13 August 2013

distributed by