Part 2 - Otto Marine Limited

OTTO MARINE LIMITEDBusiness SegmentsOTTO MARINE LIMITEDWe have three main business segments3. Business SegmentsCorporate PresentationShipbuilding / Repair Construction of complex, highspec& environment friendlyoffshore support vessels (e.g.AHTS, PSV, offshoreconstruction vessel) Repair and conversion of a widerange of vessels (e.g. offshoresupport vessels, ocean-goingtug) Sophisticated vessels for NorthSea operations that meet theABS or DNV class Owns 64 ha shipyard in Batam−−Selective outsourcing toChina shipyardsBuild-to-orderShip Chartering 100% owned (31 March 2010)− 19 vessels operational:-• 5 tugs & 5 barges,• 1x 61m vessel• 3x 10,800bhp AHTS• 4x 6,000bhp AHTS• 1x 300men AWB− 9 vessels joining ’10/’11 Strategic partnerships− Operational:-− 2x 300men AWB− 4x 5,150bhp AHTS− Under construction:-− 3 joining in ’10/’11− 8 available for JV.Specialised Services Service and vessel provider instrategic niche segments whichcommand higher margin suchas seismic and subsea vesselsI. Seismic operator –Reflect GeophysicalII. ROV vessel provider –JV with GC Rieber1212We have integrated business segments which position Otto to capitalise on theupside of the O&M industry13OTTO MARINE LIMITEDFocus on high specifications and higher value vesselsOTTO MARINE LIMITED5 th largest AHTS builder globally8.4%7.8%7.3%Nam AkerCheong6.7%DubaiDrydocksSinopacificGroup6.2%5.6%4.5%3.4% 3.4%2.8%Otto ABGMarine ShipyardYangzhouDayangKleven FincantieriJayaVerft44.0%OthersNote: Ten shipyards which have ~ 56% market share of global orderbook in AHTS vessel construction. Remaining 44% is shared by >35 yards, predominantly in China. Target European / North Seamarket that require ABS or DNVclass vessels Global customer base− Mosvold Supply AS− Norshore AS− ABCmaritime Ship designs from renownedNorwegian design houses− Marin Teknikk AS− Vik-Sandvik Selective outsourcing− Allows focus on sophisticatedvessels in Batam shipyardSource: Braemar Seascope Offshore as at 2008141415

Strategically Located ShipyardOTTO MARINE LIMITEDShip Building: Complex Offshore Support VesselsOTTO MARINE LIMITEDSingaporeHeadquarters Strategic advantage due to Singapore’s position asa regional marine and offshore industry hub− Access to marine and offshore support− Access to expertise− Close proximity to SEA shipbuilding hub− Ready supply of qualified Indonesian workersBatam, IndonesiaOwn and operate PT. Batamec - 64 hectareshipyard in Batam Major South-East Asian shipbuilding hub− Access to large pool of workers in Indonesia− Only 1 hour away from Singapore by ferryWe are able to access marine expertise in Singapore and utilisea ready supply of workers in Indonesia 16Small to medium AHTS(< 14,000 bhp)Large AHTS(> 14,000 bhp) Supply & anchor handling role Supports Jack-Ups & standard depth SemisubmersiblesWork barge with300 pax accommodation To support accommodationrequirementsPlatform supply vessel Transportation of cargo tooffshore oil rigs and platformsOffshore construction vessel Drilling Unit for field supportand construction dutiesOther vessels Utility vessels Work maintenance boats OthersWe have a specialised focus on North Sea class offshore support vessels17One of the Largest Yards in BatamOTTO MARINE LIMITEDThe Syncrolift® : Increasing Efficiency of YardOTTO MARINE LIMITED Land area of 64 hectares Waterfront of 650 meters 1 dry dock 2 slipways (under construction) Syncrolift18*using 10,800 bhp vessels as a benchmark19

Shipbuilding: Strong Engineering CapabilitiesOTTO MARINE LIMITEDRight mix of personnel and tools needed for sophisticated vessels Led by highly qualified senior engineersIn-house design team Investments in software Detailed engineering+ = Team of naval architectsand engineersKey benefits 3D design software,TRIBON® Minimises errors resulting in a more efficient shipbuilding process Greater accuracy in shipbuilding Productivity and cost efficiency Precise virtual modelWe utilise our strong engineering capabilities to provideturnkey solutions for our customers20