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Name Present Directorships Past Directorships Yawson Investment Group Limited Yawson Investments Limited Lee Kok Wah ....... Group Companies Aries Offshore Singapore Blue Fin I Blue Fin II Blue Fin III Blue Fin IV Blue Fin V OM Offshore Otto 1 Ltd. Otto 2 Ltd. Otto Fleet Otto Investment Otto Marine Limited Otto Offshore Otto Strategic Otto Ventures Sea Dolphin Finance Limited Tarpon 1 Tarpon 2 Tarpon 3 Tarpon 4 Tarpon 5 192 Prosperoad Investment Ltd. Realty Capital Company Sino Wood Investment Limited Sterling Pacific Assets Sterling Pacific Estrella, Inc. Sterling Pacific Management Services, Inc. Sterling Pacific National, Inc. SunChase Capital, Inc. SunChase Estrella, Inc. SunChase G.A., Inc. SunChase G.A. California I, Inc. SunChase G.A. California II, Inc. SunChase Holdings SunChase Holdings International (HK) Inc. SunChase International Group (Asia) Limited SunChase International Group (China) Limited SunChase International Holdings Limited SunChase International (Tianjin) Industry Development Co. Ltd. SunChase Land Fund, Inc. Sunchase Management (China) Limited SunChase Southwest II, Inc. Sunny Place Limited Telford Group Limited The Greenwich Group International (Asia) Pte. Ltd. The Princeton Company Builders and Developers Tianjin Jinchang Storage Transportation Co, Ltd. Universal Corporation Vigers Appraisal & Consulting Limited Vigers Architectural Design Services Limited Vigers Asia (Holdings) Limited Vigers Asia Limited Vigers Asia Pacific Holdings Limited Vigers Asset Management Limited Vigers Asset Management Limited Vigers China Limited Vigers China Limited Vigers Holdings Limited Vigers Hong Kong Limited Vigers Limited Vigers North America Limited Vigers Pacific Limited Vigers Property Consultants Pty Limited Vigers Property Consultants (Shanghai) Ltd. Vigers Property Management Services (Hong Kong) Limited Vigers Property Management Services Limited Vigers Property Marketing Limited Vigers Research & Publishing Limited Vigers Strategic Limited V-Space Planning Limited Wonder Technique Investments Limited Group Companies Polar Marine I Polar Marine II
Name Present Directorships Past Directorships Tetra I Tetra II Tetra III Tetra IV Tetra V WAIL Non-group Companies Non-Group Companies Eurebon Shipping Pte. Ltd. Maystrong Management Services Pte. Ltd. Otto Industrial UAE LLC (1) Yawson Engineering Works Pte. Ltd. Craig Foster Pickett . . . Group Companies Otto Marine Limited Non-group Companies Phillipcapital Japan Residential Fund Ltd William Edward Alastair Morrison . . . Group companies Otto Marine Limited Reggie Thein ........ Group Companies Otto Marine Limited Non-group companies Amtek Engineering Limited Asia Precision Metals (Singapore) Pte. Ltd. Business Companion Investments Limited FinVentures (UK) Ltd Metcomp Co (Singapore) Pte. Ltd. Metcomp Holdings Metcomp Co. Merlion India Managers Ltd MMI Technoventures Pte. Ltd. Scomi Oilfields Limited Sei Woo Technologies Limited Standard Chartered Private Equity Limited Standard Chartered Private Equity (Singapore) Pte. Ltd. Standard Chartered Private Equity Managers (Singapore) Pte. Ltd. Standard Chartered Private Equity Managers (Hong Kong) Ltd Standard Chartered Private Equity (Mauritius) Ltd Standard Chartered Private Equity (Mauritius) II Ltd Standard Chartered Private Equity (Mauritius) III Ltd Non-group Companies Ascendas Pte. Ltd. DLF Trust Management Pte. Ltd. Energy Support Management Pte. Ltd. F J Benjamin Holdings Ltd Grand Banks Yachts Limited Guocoland Limited GuocoLeisure Limited Haw Par Corporation Limited Keppel Telecommunications & Transportation Ltd MFS Technology Ltd Mobileone Ltd Singapore Institute of Directors United Overseas Bank Limited 193 Brewer’s (Singapore) Pte. Ltd. Chi Deh Singapore Pte. Ltd. Color-Coffee Art Pte. Ltd. Liten Logistics Services Pte. Ltd. Otto Shipyard Pte. Ltd. (2) Tourquoise Limited Utron Management Pte. Ltd. Group Companies None Non-group Companies None Group companies None Non-group companies 98 Holdings Pte. Ltd. China Grentech Ltd (previously Powercom Holdings Ltd) Cognotec Ltd NatSteel Ltd UNZA Holdings Limited Group Companies None Non-group Companies Central Properties Limited Goodwood Park Hotel Limited Haw Par Healthcare Limited Hotel Malaysia Limited Institute of Management Consultants (Singapore) Pte. Ltd. Lindeteves — Jacoberg Limited Pearl Energy Limited RSVP Proguide Pte. Ltd.
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OTTO MARINE LIMITED PROSPECTUS DATE
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Our Financial Highlights Over the l
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Our Strategies We intend to consoli
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NOTICE TO INVESTORS. ..............
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All references to the “Latest Pra
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CORPORATE INFORMATION Board of Dire
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United Overseas Bank Limited 80 Raf
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SUMMARY The following summary is qu
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Strategies We intend to consolidate
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The Offering The Issuer ...........
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on the SGX-ST will be in Singapore
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Consolidated Balance Sheets As at A
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INDICATIVE TIMETABLE The indicative
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Risks Relating to Our Business and
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companies and their affiliates acco
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more of the administrative tasks an
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Labour problems may disrupt our ope
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Our operations may be adversely aff
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The exchange price for the first tr
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American-led military campaigns in
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liquidity, the price of such shares
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Over Code. A take-over offer is als
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able to use the net proceeds to mak
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EXCHANGE RATES AND EXCHANGE CONTROL
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CAPITALISATION AND INDEBTEDNESS The
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(2) As at 1 January 2005, Yaw Chee
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Consolidated Balance Sheets As at A
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MANAGEMENT’S DISCUSSION AND ANALY
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uilding such vessels. Higher demand
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Demand for and Supply of Skilled La
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Deferred Gain Deferred gain arises
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Cost of Sales Our cost of sales con
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Recognition — Deferred Gain”. O
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evenue from the Middle East region
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In FY2007, our revenue from the Mid
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Cost of Sales Our cost of sales inc
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In FY2007, our net cash from operat
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Facility Lender Amount of Facility
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Hong Leong Finance We have obtained
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staff members who were hired from 2
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amounting to S$2.3 million. Capital
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The percentage of our revenue denom
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ange from 3.75% per annum to 8.0% p
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INDUSTRY OVERVIEW This section is p
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2.0 Description of Vessel Types 2.1
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Graph 2: Primary types of offshore
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5.1 Main Markets for Offshore Marin
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Canada features a relatively small
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6.0 Fleet Sizes As of January 2008
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With many oil and gas fields maturi
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share, with Dubai Drydocks combinin
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Number of vessels built in given ye
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Number of vessels built in given ye
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600 500 400 300 200 100 0 Graph 18:
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In preparation for the admission of
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On 18 December 2007, our Company en
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(4) WAIL was incorporated in Saint
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operation. We believe these favoura
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We believe we have an aggressive re
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20.0% to 30.0% of the contract valu
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Launching The completed hull and pr
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Our initial costs of investment for
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Year of Delivery Tonnage/ Power/ Ca
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Vessels for Our Own Chartering Flee
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Leases We currently lease the follo
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In FY2007, the production capacity
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Accounting Policies — Revenue and
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the entering into new contracts wit
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Employees The geographical distribu
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Type Activity Date Granted Expiry D
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Management Reporting Structure PROC
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and special advisor of PSA Internat
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attain the position of general mana
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companies both in Singapore and ove
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Our Board believes that Yaw Chee Si
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SHARE AWARD SCHEME On 2 September 2
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such Awards will receive in lieu of
Page 155 and 156: However, as the Share Award Scheme
Page 157 and 158: SUBSTANTIAL SHAREHOLDERS AND VENDOR
Page 159 and 160: Information on Cornerstone Investor
Page 161 and 162: Memorandum and Articles of Associat
Page 163 and 164: Change of Control of Our Company To
Page 165 and 166: Interested Person Relationship With
Page 167 and 168: As of the Latest Practicable Date t
Page 169 and 170: inflation rate) for the remaining t
Page 171 and 172: PT Lestari became our subsidiary in
Page 173 and 174: delivered in 2005 and one vessel wa
Page 175 and 176: These inter-company payments and ad
Page 177 and 178: provision subordinating our indebte
Page 179 and 180: In October 2006, we started engagin
Page 181 and 182: Transactions with interested person
Page 183 and 184: Opinion of the Independent Financia
Page 185 and 186: At an EGM held on 19 November 2008,
Page 187 and 188: DESCRIPTION OF OUR SHARES The follo
Page 189 and 190: Unless otherwise directed, dividend
Page 191 and 192: TAXATION The following is a discuss
Page 193 and 194: PLAN OF DISTRIBUTION The Offering U
Page 195 and 196: convertible into or exchangeable or
Page 197 and 198: egulations. Persons into whose poss
Page 199 and 200: including any corporation or other
Page 201 and 202: TRANSFER RESTRICTIONS Because the f
Page 203 and 204: LEGAL MATTERS The validity of the O
Page 205: GENERAL AND STATUTORY INFORMATION I
Page 209 and 210: 2. None of our Directors, Executive
Page 211 and 212: Company Name Date of Incorporation
Page 213 and 214: (viii) subscription agreement dated
Page 215 and 216: Consents 1. Deloitte & Touche LLP a
Page 217 and 218: DEFINITIONS For the purpose of this
Page 219 and 220: “LSH Trading” .................
Page 221 and 222: “Composite Document” ..........
Page 223 and 224: “Participants” ................
Page 225 and 226: GLOSSARY OF TECHNICAL TERMS To faci
Page 227 and 228: “project manager” .............
Page 229 and 230: APPENDIX 1 INDEPENDENT AUDITORS’
Page 231 and 232: A. Consolidated Balance Sheets As a
Page 233 and 234: OTTO MARINE LIMITED AND ITS SUBSIDI
Page 245 and 246: Concentrations of credit risk exist
Page 247 and 248: 8 Construction Contracts OTTO MARIN
Page 249 and 250: 12 Associates 2007 2006 2005 $’00
Page 251 and 252: 15 Property, Plant and Equipment OT
Page 255 and 256: 20 Finance Leases OTTO MARINE LIMIT
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26 Other (Expense) Income OTTO MARI
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The net assets acquired in the tran
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OTTO MARINE LIMITED AND ITS SUBSIDI
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APPENDIX 2 INDEPENDENT AUDITORS’
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8. Goodwill OTTO MARINE LIMITED AND
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APPENDIX 3 SUMMARY OF OUR MEMORANDU
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Voting Rights Every member (other t
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fees and current receipts shall, su
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APPENDIX 4 SUMMARY OF THE RELEVANT
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espective implementation regulation
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vessels would be responsible for co
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instructions and procedures in an e
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1. APPENDIX 5 RULES OF THE OTTO MAR
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2.5 Any reference in the Share Awar
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5.9 As soon as reasonably practicab
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accordance with Rule 7.1(a) and, th
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11.3 Any notice or other communicat
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16.2 The Participants shall be resp
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APPENDIX 6 LETTER FROM INDEPENDENT
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usiness, provided that all such tra
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will not be prejudicial to the inte
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APPENDIX 7 TERMS, CONDITIONS AND PR
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(ii) deem your application as withd
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18. In the event that an interim st
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(d) you will not be entitled to exe
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with an ATM card which is not issue
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(2) If you make your Internet Elect
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6: Read and understand the followin
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6. board rates at the time of the a
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(This page is intentionally left bl
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Otto Marine Limited 9 Temasek Boule
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