The board of directors of Jutal Offshore Oil Services Ltd. announced that the profit of the group for the year ended December 31, 2012 may record a significant increase as compared with that for the year of 2011 benefited by a
substantial business growth of the group's associate company, that is Penglai Jutal Offshore Engineering Heavy Industries Co. Ltd. in the year 2012 as compared with that in the year 2011.