News

Information On ASL Energy Pte. Ltd

The Board of Directors (the "Board") of ASL Marine Holdings Ltd. (the "Company" or "ASL Marine") refers to the announcements made by the Company on 16 November 2004 and 2 December 2004 regarding information on ASL Energy Pte. Ltd. ("ASLE"), a 50% jointly-controlled entity of the Company.

The Board wishes to announce that the acquisition by Links Island Holdings Limited ("LIHL") of the 50% interests held by Manhattan Investments Pte Ltd in each of ASLE , Lian Beng Energy Pte. Ltd. and Tat Hong Energy Pte. Ltd. was completed on 25 February 2005. With the acquisition, ASLE is now a jointly-controlled entity of ASL Marine and LIHL.


BY ORDER OF THE BOARD



Ang Kok Tian
Chairman and Managing Director
25 February 2005