OTTO MARINE LIMITED

(Company Registration Number 197902647M)

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

RESULTS OF EXTRAORDINARY GENERAL MEETING IN RELATION TO THE PROPOSED ISSUANCE AND ALLOTMENT OF CONSIDERATION SHARES TO GARRICK


The Board of Directors of Otto Marine Limited (the "Company") wishes to announce that at the Extraordinary General Meeting of the Company held on Friday, 4 July 2014 (the "EGM"), the resolution set out in the Notice of EGM dated 19 June 2014 was duly approved and passed by Shareholders on a poll. The poll results on the resolution put to the vote at the EGM are as follows:

ORDINARY RESOLUTION

FOR

AGAINST

ORDINARY RESOLUTION

No. of votes

Percentage over total votes cast at the EGM

No. of votes

Percentage over total votes cast at the EGM

1

To approve the Proposed Issuance and Allotment of Consideration Shares to Garrick

2,863,731,334

99.99

370,750

0.01

By order of the Board

Michael See Kian Heng
Group Executive Director
4 July 2014

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