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“Tarpon Subsidiaries” .............. Subsidiaries of our Company consisting of Tarpon 1, Tarpon 2, Tarpon 3, Tarpon 4 and Tarpon 5 “Tetra Subsidiaries” ................ Subsidiaries of our Company consisting of Tetra I, Tetra II, Tetra III, Tetra IV and Tetra V “Tetra I” ........................ Tetra I Pte. Ltd., a company incorporated in Singapore “Tetra II” ....................... Tetra II Pte. Ltd., a company incorporated in Singapore “Tetra III” ....................... Tetra III Pte. Ltd., a company incorporated in Singapore “Tetra IV”. ...................... Tetra IV Pte. Ltd., a company incorporated in Singapore “Tetra V” ....................... Tetra V Pte. Ltd., a company incorporated in Singapore “WAIL” ........................ WestAfrican Invest Ltd., a company incorporated in St.Vincent and the Grenadines Other Corporations and Agencies “ABC Maritime” .................. ABCmaritime AG, a company incorporated in Switzerland “Aker” ......................... Aker Yards ASA, a public limited company incorporated in Norway “ASL”. ......................... ASLMarine Holdings Limited, a public limited company incorporated in Singapore “Authority” ...................... Monetary Authority of Singapore “Bangkok Bank” .................. Bangkok Bank Public Company Limited “Bank Niaga” .................... PTBank CIMB Niaga, Tbk “Brizill International” .............. Brizill International Limited, a company incorporated in the BVI “Business Companion Investments” .... Business Companion Investments Limited, a company incorporated in BVI “Caterpillar Financial” .............. Caterpillar Financial Services Asia Pte. Ltd. “CDP” ......................... TheCentral Depositary (Pte) Limited “CEO Technology Asia” ............ CEOTechnology Asia Limited, a company incorporated in BVI “CIMB” ........................ CIMBBank Berhad “Credit Suisse” ................... Credit Suisse (Singapore) Limited “Eurebon” ....................... Eurebon Shipping Pte. Ltd. “Goldfame”. ..................... Goldfame International Ltd., a company incorporated in BVI “Hong Leong Finance” ............. Hong Leong Finance Limited “HSBC Bank” .................... TheHong Kong & Shanghai Banking Corporation Limited “IACS”......................... International Association of Classification Societies Ltd. “IFS Capital” .................... IFSCapital Assets Private Limited “IMO” ......................... International Maritime Organisation “ISO” .......................... International Organization for Standardization “Jaya” .......................... Jaya Holdings Limited, a company incorporated in Singapore “LSH” ......................... LeiShing Hong Limited, a company incorporated in Hong Kong “LSH Group” .................... LSHSingapore and LSH Trading “LSH Singapore” ................. LeiShing Hong (Singapore) Pte. Ltd. 204
“LSH Trading” ................... LeiShing Hong Trading Limited, a company incorporated in Hong Kong “Maju Holdings” .................. MajuHoldings Sdn Bhd “OCBC” ........................ Oversea-Chinese Banking Corporation Limited “Pantai Bayu” .................... Pantai Bayu Indah Sdn Bhd, a subsidiary of Samling Strategic “Pacific Legend” .................. Pacific Legend Ltd., a company incorporated in BVI “Participating Banks” .............. UOBanditssubsidiary, Far Eastern Bank Limited (together, the “UOB Group”), DBS Bank Ltd. (including POSB) (“DBS”) and OCBC “Phillip Group” ................... Philip Securities Pte. Ltd. and Phillip Capital Management “PT Batamas” .................... PTBatamas Jala Nusantara, a company incorporated in Indonesia which has been liquidated “PT Sentratama” .................. “Primary Sub-Underwriter and Primary PTSentratama Karya Abadi, a company incorporated in Indonesia Sub-Placement Agent” ............ UOBKayHian “Richman Singapore” .............. Richman Investment Pte. Ltd., a company incorporated in Singapore “Richman BVI”. .................. Richman Hill Ltd., a company incorporated in BVI “Rimalco” ....................... Rimalco Sdn Bhd, a company incorporated in Malaysia “Samling Global” ................. Samling Global Limited, a company incorporated in Bermuda “Samling International” ............. Samling International Limited, a company incorporated in the States of Jersey “Samling Singapore” ............... Samling Singapore Private Limited, a company incorporated in Singapore “Samling Strategic” ................ Samling Strategic Corporation Sdn Bhd, a company incorporated in Malaysia “Sanwa” ........................ Sanwa Singapore Agencies (Pte) Ltd. “SCCS” ........................ Securities Clearing and Computer Services (Pte) Limited “SCPEL” ....................... Standard Chartered Private Equity Limited, a company incorporated in Hong Kong “Seascope” ...................... Breamar Seascope Limited “<strong>SGX</strong>-ST”. ...................... Singapore Exchange Securities Trading Limited “Share Registrar” ................. M&CServices Private Limited “Sumikin Bussan” ................. Sumikin Bussan Corporation, a company incorporated in Japan “Tinjar Transport” ................. Tinjar Transport Sdn Bhd, a company incorporated in Malaysia “Tourquoise” ..................... Tourquoise Limited, a company incorporated in the Federal Territory of Labuan, Malaysia “UOB” ......................... United Overseas Bank Limited “UOB Kay Hian” ................. UOBKayHian Private Limited “Vendors” ....................... LeeKokWahandCEOTechnology Asia “Victon” ........................ Victon Investment Limited, a company incorporated in the BVI “Yaw Holding” ................... YawHolding Sdn Bhd, a company incorporated in Malaysia 205
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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
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However, as the Share Award Scheme
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SUBSTANTIAL SHAREHOLDERS AND VENDOR
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Information on Cornerstone Investor
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Memorandum and Articles of Associat
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Change of Control of Our Company To
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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 and 206: GENERAL AND STATUTORY INFORMATION I
Page 207 and 208: Name Present Directorships Past Dir
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: DEFINITIONS For the purpose of this
Page 221 and 222: “Composite Document” ..........
Page 223 and 224: “Participants” ................
Page 225 and 226: GLOSSARY OF TECHNICAL TERMS To faci
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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
Page 257 and 258: 26 Other (Expense) Income OTTO MARI
Page 259 and 260: The net assets acquired in the tran
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OTTO MARINE LIMITED AND ITS SUBSIDI
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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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