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

fees and current receipts shall, subject to the payment thereout of the expenses of management, interest upon
borrowed money and other expenses which in the opinion of the Directors are of a revenue nature, constitute
our profits available for dividend.
Appreciations of capital assets, investments and realised profits resulting in a sale of capital assets or
investments (except so far as representing interest or dividend accrued and unpaid) shall either be carried to
the credit of capital reserve or shall be applied in providing for depreciation or contingencies or for writing
down the value of the assets. It is expressly declared that in ascertaining our profits available for dividend it
shall not be necessary to make good any losses or depreciation in value of any of our investments or any of
our other assets except circulating capital.
The Directors may, before recommending any dividend, set aside out of our profits such sums as they
think proper as reserves which shall, at the discretion of the Directors, be applicable for any purpose to which
our profits may be properly applied. The Directors may divide the reserve into such special funds as they
think fit and may consolidate into one fund any special funds or any part of any special funds into which the
reserve may have been divided. The Directors may also, without placing the same to reserve, carry forward
any profits. In carrying sums to reserve and in applying the same, the Directors shall comply with the relevant
statutory provisions.
Subject to the rights or restrictions attached to any shares or class of shares and except as otherwise
permitted under the Act:
(a) all dividends in respect of shares shall be declared and paid according to the number of shares
held by a member but where shares are partly paid all dividends must be apportioned and paid
proportionately to the amounts paid or credited as paid on the partly paid shares; and
(b) all dividends shall be apportioned and paid proportionately to the amounts paid or credited as
paid on the shares during any portion or portions of the period in respect of which the dividend is paid;
but if any share is issued on terms providing that it shall rank for dividend as from a particular date that
share shall rank for dividend accordingly,
and for the purposes thereof, an amount paid or credited as paid on a share in advance of a call is to be
ignored.
Any general meeting declaring a dividend or bonus may direct payment of such dividend or bonus wholly
or partly by the distribution of specific assets and in particular of paid-up shares, debentures or debenture
stock of any other company or in any one or more of such ways and the Directors shall give effect to such
resolution, and where any difficulty arises in regard to such distribution, the Directors may settle the same as
they think expedient, and fix the value for distribution of such specific assets or any part thereof and may
determine that cash payments shall be made to any members upon the footing of the value so fixed in order to
adjust the rights of all parties, and may vest any such specific assets in trustees as may seem expedient to the
Directors.
A transfer of a share shall not pass the right to any dividend declared in respect thereof before the
transfer has been registered.
Limitations on the Right to Own Shares
Except as required by law, no person shall be recognised by us as holding any share upon any trust, and
we shall not be bound by or be compelled in any way to recognise (even when having notice thereof) any
equitable, contingent, future or partial interest in any share or unit of a share or (except only as by the Articles
or by law otherwise provided) any other rights in respect of any share except an absolute right to the entirety
thereof in the registered holder thereof or (as the case may be) the person whose name is entered in the
Depository Register in respect of that share.
There are no limitations on the rights of our shareholders who are regarded as non-residents of Singapore
to hold or vote their shares.
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