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O TTO M ARINE L IMITED - Microsoft Internet Explorer - SGX

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We believe we have an aggressive recruiting policy both laterally in the industry and at the entry level<br />

from Indonesian universities. We intend to continue offering training programmes and mentoring<br />

schemes to our staff and new recruits. In addition, we intend to offer competitive compensation<br />

packages and career opportunities to performing engineers and middle-level managers.<br />

Enhancing competitive cost structure through selective outsourcing.<br />

We strive to increase our capacity and maintain our competitive cost structure particularly in the<br />

offshore support vessels market by outsourcing certain shipbuilding work to other regional shipyards in<br />

South-east Asia and China. To ensure that our stringent procedures and quality controls are properly<br />

observed, we deploy our personnel to such other shipyards to monitor the construction through to precommissioning<br />

and delivery.<br />

We expect that this strategy will enable us to build more vessels and to allocate our resources and<br />

capacity more efficiently by allowing us to focus on more complex and sophisticated vessels in our<br />

Batam shipyard.<br />

In order to support the work that we outsource to shipyards in China, we established a representative<br />

office in Foshan, China in 2007.<br />

Company Background<br />

We were incorporated in Singapore on 5 September 1979 under the Act as a private limited company<br />

under the name of “Otto Industrial Co (Pte) Ltd”. With effect from 5 October 2006, we changed our name to<br />

“Otto Marine Pte. Ltd.”. On 17 March 2008, we converted to a public limited company and changed our name<br />

to “Otto Marine Limited”. Our registered address and principal place of business is 9 Temasek Boulevard,<br />

#33-01 Suntec Tower Two, Singapore 038989. Our telephone and fax numbers are (65) 6863 2366 and<br />

(65) 6863 1127, respectively. Our registration number is 197902647M. Our website address is<br />

http://www.ottomarine.com. Information contained in our website does not constitute part of this document.<br />

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