Launch of First Bunker Vessel - Press Release

Catalist-listed ES Group Launches First Bunker Vessel for Charter

SINGAPORE, 04 June 2012 - Catalist-listed ES Group (Holdings) Limited (the Company and together with its subsidiaries, ES Group or the Group) had on 2 June 2012 launched the 3,400 dead-weight-tonne Sea Tanker I, the first of its two bunker vessels constructed at ES Groups 50 per cent-owned subsidiarys shipyard in Thailand. This marks a major milestone for the Group to establish its vessel-owning and chartering business and expand beyond its core business of new building, conversion and repair of ocean-going vessels. Sea Tanker I is owned by ES Groups wholly-owned subsidiary, ES Shipping Pte. Ltd.. Long-term charter agreements have been secured for both vessels to operate in the South East Asian waters. Upon delivery in the third quarter of 2012, Sea Tanker I will be chartered to Sea Hub Tankers Pte Ltd. The second bunker vessel is scheduled for completion and deployment in the second half of the financial year ending 31 December 2012 (2H2012). Barring any unforeseen circumstances, they are expected to contribute to the Groups financial performance beginning 2H2012. ES Group provided engineering, procurement and construction (EPC) services for the two new-built and double-hulled vessels, fully complying with the new requirements for bunker vessels. With Singapore as a shipping hub and the worlds largest bunker port by sales volume, we see growth opportunities in bunkering. Venturing into vessel-owning and chartering will allow the Group to ride on the growth in this expanding industry, said ES Groups Chief Executive Officer, Mr Christopher Low. The successful and timely completion of this first wholly-owned bunker vessel is also testimony to the Groups expertise in the provision of EPC services and construction of this class of vessels, a skill which we will now build upon to enlarge our fleet, he said. ES Group announced that its net profit rose 256.9% to S$4.5 million on the back of S$47.1 million revenue for the financial year ended 31 December 2011.

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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 Group designs, builds, converts and repairs a wide range of vessels, such as tugs, barges, rigs, offshore support vessels, oil tankers and cargo ships. The Group performs repairs on marine and offshore structure and vessels of all types and sizes, whether afloat or dry-docked. ES Group, whose customers include wellknown shipyard operators such as Sembawang Shipyard Pte Ltd, Keppel FELS Ltd and Singapore Technologies Marine Ltd. It has workshop and repair facilities in Singapore, owns and runs a 70,000 sq m shipyard in Thailand via its 50 per cent-owned subsidiary. ES Group was listed on 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 Josephine Auxilio, josephine@wer1.net Lai Kwok Kin, laikkin@wer1.net
This press release has been prepared by the Company and its contents have been reviewed by the Companys sponsor, Canaccord Genuity Singapore Pte. Ltd. (formerly known as Collins Stewart Pte. Limited) for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the SGX-ST). Canaccord Genuity Singapore Pte. Ltd. has not independently verified the contents of this press release. This press release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made, or reports contained in this press release. The contact person for the Sponsor is Mr Alex Tan, Managing Director, Corporate Finance, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854 6160.