ES GROUP (HOLDINGS) LIMITED (Company Registration No.: 200410497Z) (Incorporated in the Republic of Singapore) INCORPORATION OF NEW SUBSIDIARY


The board of directors (the "Board") of ES Group (Holdings) Limited (the "Company") wishes to announce that the Company has incorporated a wholly-owned subsidiary (the "New Subsidiary") today.
Details of the New Subsidiary are as follows:-
Name of company : ES Oil & Gas Pte. Ltd. Place of incorporation : Singapore
Issued and paid-up share capital : 1 ordinary share at S$1.00
Principal activities : Repair of vessels and related engineering services
The investment of S$1.00 for the incorporation of the New Subsidiary was funded by the Company's internal resources and is not expected to have any material impact on the Company's net tangible assets and consolidated earnings per share for the current financial year ending 31 December 2014.
Save for Mr. Christopher Low Chee Leng who is a director in the New Subsidiary, none of the Directors of the Company has any interest, direct or indirect (other than through their shareholdings in the Company), in the incorporation of the New Subsidiary.

By Order of the Board Christopher Low Chee Leng Chief Executive Officer 7 April 2014

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor (the "Sponsor"), Canaccord Genuity Singapore Pte. Ltd., for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the "SGX-ST"). The Sponsor has not independently verified the contents of this announcement.

This announcement has not been examined or approved 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, CEO, Canaccord Genuity Singapore Pte. Ltd. at 77 Robinson Road #21-02 Singapore 068896, telephone (65) 6854-6160.

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