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

Over Code. A take-over offer is also required to be made if a person holding between 30.0% and 50.0%
inclusive of the voting rights in our Company, either individually or in concert, acquires more than 1.0% of
our voting shares in any six-month period. Although such take-over provisions are intended to protect the
interests of Shareholders by requiring any acquisitions of our Shares that may involve or threaten a change in
control of our Company to also be extended to all Shareholders on the same terms, these provisions may
discourage or prevent such transactions from taking place at all. Some of our Shareholders, which may include
you, may therefore be disadvantaged as a transaction of that kind might have allowed the sale of Shares at a
price above the prevailing market price.
Overseas Shareholders may not be able to participate in future rights offerings or certain other equity
issues we may make.
If we offer to our Shareholders rights to subscribe for additional Shares or any right of any other nature,
we will have the discretion as to the procedure to be followed in making the rights available to our
Shareholders or in disposing of the rights for the benefit of our Shareholders and making the net proceeds
available to such Shareholders. We may choose not to offer the rights to our Shareholders having an address
outside Singapore. For example, we will not offer such rights to our Shareholders who are US persons (as
defined in Regulation S) or who have a registered address in the United States unless:
a registration statement is in effect, if a registration statement under the Securities Act is required in
order for us to offer such rights to holders and sell the securities represented by such rights; or
the offering and sale of such rights or the underlying securities to such holders are exempt from
registration under the provisions of the Securities Act.
We have no obligation to prepare or file any registration statement under the Securities Act. Accordingly,
Shareholders who are US persons (as defined in Regulation S) or who have a registered address in the United
States may be unable to participate in rights offerings and may experience a dilution in their holdings as a
result.
29