Tranche Update on PACC Offshore Services Holdings Ltd.'s Equity Buyback Plan announced on November 15, 2018.

PACC Offshore Services Holdings Ltd. is a Singapore-based provider of offshore marine services. The principal activities of the Company are the business of general shipping and investment holding. The Company's segments include Offshore Supply Vessels, which supports mid to deep-water operations of rig and oilfield operators; Transportation and Installation, which supports marine contractors in construction and maintenance of oilfield infrastructure and pipelines; Offshore Accommodation, which owns and operates vessels that are capable of meeting a range of accommodation, transportation and hospitality needs in offshore oilfields, and Harbour Services and emergency response, which supports the harbor or coastal tugging operations, and heavy lifting operations of shipyards, ports and oil and gas terminals, as well as a range of services, equipment and personnel capable of handling firefighting, rescue and salvage and oil spill events in the Asia Pacific and Indian Ocean regions.