Attachment 1 - Otto Marine Limited

Seasafe Supporter is an ABS-classed support vessel capable of accommodating 90 men. It
is fully equipped with 4-point mooring system, 45 Tonne Deck Pedestal crane with 120 foot
boom and is also DP zero /DP1 capable.
The Group’s wholly-owned subsidiary, Global Workboats, will charter Seasafe Supporter to a
Dutch operator who will in-turn deploy this vessel to support offshore works in Gabon, west
coast of Africa.
Executive Director and Deputy President of Otto Marine, Mr Aw Chin Leng, commented,
“High oil price continues to stimulate E&P activities and demand for offshore support
vessels remain encouraging. We have been working on expanding our ship chartering
arm through increasing our fleet and growing our geographical coverage. Africa is
one of our key target markets and we certainly have made inroads and our presence
felt as we have around eight offshore vessels deployed there.
We remain dedicated in growing our ship chartering business and will continue to
explore vessel deployment to new geographical locations globally.”
Managing Director of Global Workboats, a 100% owned subsidiary of Otto Marine,
specializing in offshore supply vessel operations, Capt. Mike Kelly, commented that “We
are pleased with the progress we made in Africa. With Otto Marine providing us with
high quality assets to expand our existing fleet, we remain confident about achieving
a critical mass to enjoy economies of scale. We will continue to work on maximizing
utilization rates so as to optimize returns moving ahead.”
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About Otto Marine Limited (OTML.SP)
Otto Marine Limited ("Otto Marine" or the "Company") is an offshore marine group engaged in
specialized shipbuilding of offshore vessels for primarily Deep Sea applications. The shipbuilding
includes ship repair and conversion. In addition, Otto Marine is chartering out its own fleet of
sophisticated and environmentally friendly (clean/comfort class) Anchor Handling Tugs and Offshore
Supply vessels for mainly Deep Sea applications. In continuation of its expansion strategy, Otto
Marine is the majority shareholder in the seismic operator, Reflect Geophysical Pte. Ltd..
Headquartered in Singapore, the Company owns and operates one of the largest shipyards in Batam,
Indonesia - one of the most sophisticated yards in Asia Pacific. The yard is building to DNV and
Norwegian class standards. Its customers are primarily deep sea and offshore operators and
equipment companies who provide logistics support and offshore services to companies operating
globally in the oil and gas industry.
Otto Marine’s specialized approach has allowed it to build up its expertise in constructing high
specification deep sea and offshore support vessels, improve its production quality and efficiency and
develop a competitive cost structure. These quality and level of sophistication have enabled the
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