News Release

For immediate release

Newly-listed ES Group secures Two (2) maiden

bareboat bunkering charter agreements worth an
aggregate of up to S$21.8 million
 Agreements mark strategic entry into vessels owning and chartering

SINGAPORE, 12 August 2010: ES Group (Holdings) Limited (“ES Group” or “the Company”)
wishes to announce that ES Shipping Pte. Ltd. (the “Owner”), a wholly-owned subsidiary of
the Company, has on 11 August 2010 entered into two bareboat charter agreements in
respect of two 3,400 dead weight tonnes bunkering vessels (the “Vessels”, and each a
“Vessel”) with a company registered in Singapore (the “Charterer”). This marks ES Group’s
entry into vessels owning and chartering, which would provide a relatively stable stream of
recurring revenue. Construction of both the bunkering vessels will commence later in the
second half of FY2010 at ES Group’s Thailand shipyard.

The Owner expects to take delivery of the Vessels from the shipyard in FY2012.
st
The Owner will charter the 1 Vessel to the Charterer for a seven-year charter period and the
nd
2 Vessel to the Charterer for a three-year charter period commencing upon their respective
deliveries.
nd
The total value of the two contracts is up to S$21.8 million, assuming the charter for the 2
Vessel is not terminated prior to the end of the three-year charter period.

The charter agreements are not expected to have a material effect on the consolidated net
tangible assets per share or earnings per share of the Company and its subsidiaries for the
year ending 31 December 2010 (“FY2010”).

None of the Directors or Controlling Shareholders of the Company has any interest, direct or
indirect, in the agreements.

“The charter agreements mark a major milestone in the growth of ES Group. The bunkering
sector in Singapore, a global shipping hub, is growing steadily and the outlook for charter
rates is promising,” said Mr Christopher Low, Chief Executive Officer of ES Group.

“Having secured a foothold in this sector, we intend to build upon the knowledge and the
foundation to increase our charter business to complement our core shipbuilding and repair
activities,” he added.

#End of News Release#

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About ES Group

ES Group is a Singapore-headquartered marine and offshore group involved in new building,

conversion and repair of ocean-going vessels. The Company builds, converts and repairs a
wide range of vessels, such as tugs, barges, rigs offshore support vessels, oil tankers and
cargo ships. The Company performs repairs on marine and offshore structure and vessels of
all types and sizes, whether afloat or drydocked. ES Group’s customers are primarily shipyard
operators in Singapore including Sembawang Shipyard Pte Ltd, Keppel FELS Ltd and
Singapore Technologies Marine Ltd.

ES Group has workshop and repair facilities in Singapore and owns and operates a 70,000
square metre shipyard in Thailand via its 50%-owned subsidiary in Thailand.

ES Group was listed on the SGX Catalist on 9 July 2010.

Issued on behalf of the Company by WeR1 Consultants Pte Ltd

Investor Relations Contact:

WeR1 Consultants Pte Ltd

Tel: +65-6737 4844 Fax: +65-6737 4944
Reshma Jain, Consultant, reshma@wer1.net, Hp: +65-9814 0507
Josephine Auxillio, Executive Accounts, josephine@wer1.net

This announcement has been prepared by the Company and its contents have been
reviewed by the Company’s Sponsor, Collins Stewart Pte. Limited for compliance with the
relevant rules of the Singapore Exchange Securities Trading Limited (“SGX-ST”). Collins
Stewart Pte. Limited has not independently verified the contents of this announcement. This
announcement has not been examined or reviewed by the SGX-ST and the SGX-ST
assumes no responsibility for the contents of this announcement, including the correctness of
any of the statements or opinions made, or reports contained in this announcement.

The contact person for the Sponsor is Mr. Alex Tan, Managing Director, Corporate Finance,
Collins Stewart Pte. Limited at 77 Robinson Road #21-02 Singapore 068896, telephone: (65)
6854 6160.