Jaya : 3Q FY2012 ended 31 March 2012

13 Tuas Crescent Singapore 638707

Tel : (65) 6265 1010 Fax : (65) 6864 5555

Incorporat ed in the Republic of Singapore

Co. Reg. No.: 199002391E

Jaya reports Net Profit of US$3.8 million for the third quarter ended 31 March 2012

Jaya Holdings Limited (the "Company", and together with its subsidiaries, the "Group") reported consolidated revenue of US$16.2 million and net profit of US$3.8 million for the financial quarter ended 31 March 2012.
The Group's total revenue for the 3rd Quarter under review was US$16.2 million, 17% higher than the previous corresponding quarter. The increased revenue was mainly contributed by the Offshore Shipping Division. The Shipbuilding Division recorded no revenue for the quarter under review and the previous corresponding quarter.
The Offshore Shipping Division's revenue was higher primarily due to higher charter utilisation of 66% for the quarter under review compared to 59% in the previous corresponding quarter and a larger fleet of 29 vessels compared to 23 vessels in the previous year.
The Group's Net Profit for the quarter under review amounted to US$3.8 million, a 89%
decrease from US$34.3 million in the previous corresponding quarter.
1. During the quarter under review, the Offshore Shipping Division recorded a net profit of US$3.6 million compared to US$23.8 million in the previous corresponding quarter. The decrease in net profit in the quarter under review was mainly due to disposal gains of US$24.8 million on two vessels in the previous corresponding quarter.
2. The Shipbuilding Division recorded net profit of US$0.6 million in 3rd Quarter FY2012 compared to US$11.5 million in the previous corresponding quarter. The decreased net profit in the quarter under review was mainly attributable to US$11.1 million of gains from the disposal of assets from the Nantong Dongjiang shipyard in the previous corresponding quarter.
For the nine months under review, the Group recorded net profit of US$9.5 million compared to US$62.6 million in the previous corresponding period.
As at 31 March 2012, the equity attributable to equity holders was US$462.8 million compared to US$453.0 million as at 30 June 2011. The Group's net gearing ratio was
0.17 at 31 March 2012.

The offshore supply vessel ("OSV") market continued to improve gradually during the period under review, notwithstanding that the market continues to be oversupplied due to which charter rates remain stagnant. However, as a result of exceptionally high tender activity in the first quarter of 2012 in Malaysia, Indonesia, Australia and Vietnam there seems to be increasing optimism in the market, which is reinforced by increasing demand from East and West Africa for mid- and large-sized vessels from Asia.
In our offshore services business, the Group is focussing on entering new markets, increasing utilisation and improving charter rates. The Group has recently recruited Max Hartvigsen as President - Offshore, to expand and extend this business. Charter utilisation is improving and is expected to continue to improve significantly over the next reporting period.
Concurrently, the Group is re-evaluating its new-building programme and has plans to reconfigure some of the assets in the existing build programme to enhance the marketability and the value of these assets. The Group will continue to selectively sell vessels with the objective of improving the fleet mix.
This strategic approach is expected to serve the Group well in achieving its goal of re- positioning itself as a reputed Offshore Energy Services provider.
The Group is encouraged by seven recently won term charter contracts amounting to US$108.4 million, for five of its Anchor Handling Tug and Supply Vessels ("AHTSVs"), and two of its ROV Support Vessels ("ROVSVs").
The Group is proud to announce that it has recently been awarded membership by IMCA (International Marine Contractors' Association). We are in the process of implementing various initiatives to increase our efficiency and productivity, strengthen our systems and processes, and ensure our people are well prepared for new and increasing challenges in this domain.

SGX mainboard listing: March 1992

Jaya Holdings (JAYA:SP) is a leading Offshore Energy Services Group, headquartered in Singapore. The Jaya Group provides a wide range of services and solutions to the offshore oil and gas E&P domain.

Specialised offshore assets are designed and constructed to exacting quality standards and rigorous time schedules in our fully owned facilities in Singapore and Indonesia (Batam). When required, Jaya also outsources construction to reputed builders whose infrastructure and quality standards have been audited comprehensively. Such outsourced construction is closely monitored and supervised by Jaya's in-house team.

Our fleet of specialised offshore vessels are designed and built to global standards and to be able to operate on a worldwide basis, supporting offshore E&P, marine construction, mining and marine-related activities. Jaya's fleet is one of the youngest and most diversified in the region. Our QHSSE and Operations teams are superlative and constantly

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strive to deliver uninterrupted customer satisfaction. Jaya's current fleet consists of 29 vessels.

The Group is led by a strong management team supported by a dedicated and competent organisation focussed on service excellence and customer delight. Its core group of senior executives each has industry experience of more than 20 years.

For more information about Jaya Holdings, please visit the website at:

www.jayaholdings.com

MS KOH AI CHIN JAYA HOLDINGS LIMITED

+65 6265 1010 enquiry@jayaholdings.com

MS THAI KUM FOON JAYA HOLDINGS LIMITED

+65 6265 1010 enquiry@jayaholdings.com

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