Otto Marine : Grant Of Share Awards Pursuant To The Otto Marine Share Award Scheme

Pursuant to Rule 704(29) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Board of Directors of Otto Marine Limited (“the Company”) wishes to announce the following details pertaining to the grant of share awards (the “Awards”) pursuant to the Share Award Scheme:
(a) Date of Awards : 11 August 2014
(b) Exercise price of Awards granted
: NA
(c) Number of shares awarded : 26,685,106
(d) Market price of its shares on the date of Awards*
: S$0.0705
(e) Number of shares awarded to

: Name No. of shares

each director and controlling shareholder (and each of their associates), if any
Garrick James
Stanley
26,685,106
(f) Validity period of the Awards : NA
* The market price of the shares is based on the VWAP price of the shares on the trading day immediately preceding the date of award.
Source: Otto Marine