General Announcement::Results of the Secondary Sale

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 23-Oct-2014 15:29:28
Status: New
Announcement Sub Title: Results of the Secondary Sale
Announcement Reference: SG141023OTHR6Z1K
Submitted By (Co./ Ind. Name): Yeo Keng Nien
Designation: Company Secretary
Description (Please provide a detailed description of the event in the box below): EMAS Offshore Limited ("EMAS" or the "Company") refers to its announcement on 8 October 2014 relating to commencement of the application period of the Norwegian Retail Offering.

At the end of the application period the Company had not received any applications from eligible shareholders. Accordingly, no shares have been allocated in the Norwegian Retail Offering. The shares of EMAS closed at NOK 4.29 as of close of Oslo Bors Wednesday 22 October 2014.

Following completion of the Norwegian Retail Offering, Ezra Holdings Limited's shareholding remains unchanged at 330,844,316 shares in the Company, equal to 75.25% of the issued share capital of EMAS.

For further information, please contact:

Mr. Jason Goh
EMAS Offshore Limited
+ 65 6590 8209
investor_relations@emasoffshore-cnp.com

This announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act Section 5-12.