Investor Relations ASL Marine Holdings Ltd

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Daily Share Buy-Back Notice

BackOct 23, 2008

Part I
(A) Share Buy-Back Authority
I. Maximum number of shares authorised for purchase 30,068,900
(B) Details of Purchases Made
I. Purchases made by way of market acquisition Yes
    Singapore Exchange Overseas Exchange
1 Date of Purchases 23/10/2008  
2a Total number of shares purchased 400,000  
2b Number of shares cancelled    
2c Number of shares held as treasury shares 400,000  
3 Price paid per share S$ 0.4800  
3 Highest price per share S$ 0.4800  
Lowest price per share S$ 0.4800  
4 Total consideration (including stamp duties, clearing charges, etc) paid or payable for the shares S$ 192,611.19  
II. Purchases made by way of off market acquisition on equal access scheme? No
(C) Cumulative Purchases
  By way of market acquisition By way of off-market acquisition on equal access scheme Total
  No. %1 No. % No. %
Cumulative no. of shares purchased to-date2 1,100,000 0.37     1,100,000 0.37
1 Percentage of company's issued share capital as at the date of the share buy-back resolution
2 From the date on which the share buy-back mandate is obtained
(D) Number of issued shares after purchase
I. Number of issued shares after purchase 299,589,002
II. Number of treasury shares held after purchase 1,794,000
Other Notes
Footnotes At the date of the share-buy back resolution passed on 17 October 2008, the issued share capital of the Company comprised 300,689,002 ordinary shares excluding 694,000 treasury shares.

The Company will hold shares bought under the share buy-back mandate as treasury shares.