Schedule of Share Placement proceeds (SGD) Utilisation

Use of Proceeds Utilisation SGD'000 %

General working capital and general corporate purposes and/or business opportunities, strategic investments, joint ventures and/or paying down of existing debt and/or capital expenditure or acquisition of vessels

38,006 32%


SGD'000
Net Proceeds received on 16 Mar 2012 118,727

Disbursement of Proceeds

Date paid Description

Apr-12 Repayment of bank credit facilities Sep-12 Repayment of bank credit facilities Oct-12 Repayment of bank credit facilities

Remaining Share Placement Proceeds 80,721

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