Incorporation of Eaglestar Marine (S) Pte. Ltd.

May 23, 2017

Incorporation of Eaglestar Marine (S) Pte. Ltd.

Incorporation of Eaglestar Marine (S) Pte. Ltd.

The Board of Directors of MISC wishes to announce that, Eaglestar Marine Holdings (L) Pte. Ltd., a wholly-owned subsidiary of MISC has incorporated Eaglestar Marine (S) Pte. Ltd. (“EMS”) in Singapore as its wholly-owned subsidiary. The principal activity of EMS is support services for the Eaglestar Group and the initial issued and paid-up capital is SGD10 divided into 10 ordinary shares. The issued and paid-up share capital will be increased to meet EMS’ working capital requirements.

None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the incorporation of EMS.

This announcement is dated 23rd May 2017.