NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Members of ASL Marine Holdings Ltd (The "Company") will be closed at 5.00 p.m. on 8 March 2004 ("Books Closure Date") for the purpose of determining the provisional allotments of Shareholders (other than those whose registered addresses with The Central Depository (Pte) Limited ("CDP") or the Company, as the case may be, are outside Singapore and who have not, at least five (5) market days prior to the Books Closure Date, provided to CDP or the Company, as the case may be, addresses in Singapore for the service of notices and documents) ("Entitled Shareholders") under the Warrants Issue.
Entitled Shareholders (being depositors) whose securities accounts with CDP are credited with Shares as at 5.00 p.m. on the Books Closure Date will be entitled to participate in the Warrants Issue.
Entitled Shareholders (being scripholders) whose names appear in the Register of Members as at 5.00 p.m. on the Books Closure Date will be entitled to participate in the Warrants Issue.
Duly completed and stamped transfers in respect of Shares not registered in the name of CDP together with all relevant documents of title received by the Company's share registrar, M & C Services Private Limited, at 138 Robinson Road, #17-00 The Corporate Office, Singapore 068906 prior to 5.00 p.m. on the Books Closure Date will, subject to the Articles of Association of the Company, be registered to determine the Entitled Shareholders' provisional allotments under the Warrants Issue.
BY ORDER OF THE BOARD
Ang Kok Tian
Chairman and Managing Director
ASL Marine Holdings Ltd
20 February 2004