RESIGNATION OF CHIEF FINANCIAL OFFICER

The Board of Directors (the “Board”) of EMAS Offshore Limited (the “Company”) wishes to announce that Mr Hsu Chong Pin has tendered his resignation as Chief Financial Officer of the Company with his last working day of service being 7 December 2018.

The Board would like to express its appreciation to Mr Hsu for his contributions during his tenure with the Company and wishes him well in his future endeavours.

This announcement is subject to disclosure in accordance with section 5-12 of the Norwegian Securities Trading Act.

By Order of the Board

Lee Kian Soo

Director

7 December 2018