ANNOUNCEMENT RELATING TO EZRA HOLDINGS LIMITED

The Board of Directors (the “Board”) of EMAS Offshore Limited (the “Company”) refers to the announcement released by Ezra Holdings Limited, which owns a 75.5% equity stake in the Company, on 22 September 2016.

Please refer to the following link to the announcement:

http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=AnnouncementToday&F=ZZH0ZT0QW09ZCRW3&H=8f43c53793a3e1595689687112e108822e3edcb0f5bdab0f67e9f747818da628

By Order of the Board

Shannon Ong

Company Secretary

22 September 2016