VIKING OFFSHORE AND MARINE LIMITED

Company Registration No. 199307300M 21 Kian Teck Road Singapore 628773 Tel: 6601 9500; Fax: 6601 9600; Website: www.vikingom.com

NEWS RELEASE VIKINGS SHARE PLACEMENT TO MR TAN BOY TEE

TAN BOY TEE TAKES STRATEGIC STAKE IN VIKING

Singapore, 4 November 2013 Viking Offshore & Marine Limited (Viking or the Group) announced today that it has entered into an agreement to place out 40 million new shares worth S$3.2 million to Singaporean rig building veteran Mr Tan Boy Tee (Mr Tan) plus an option of the same quantity and amount, to be exercised any time during the next 90 days. Mr Tan was the co-founder and controlling shareholder of Labroy Marine Ltd, a thenSGX listed offshore and marine specialist which was sold to Dubai Drydocks World LLC for S$2.4 billion in January 2008. With this share subscription, Mr Tan will become a substantial shareholder of Viking. If he exercises the option, his shareholding will represent 10.1% of the enlarged issued and paid-up share capital of the Company, which will be approximately 793 million shares. Mr Andy Lim, the Chairman and Executive Director of Viking, said, We are glad to have the support of Mr Tan Boy Tee as we venture into the fast-growing rig building and rig charter market. His international reputation, track record, corporate experience and strategic connections, particularly in the offshore and marine industry, will help Viking capture significant new opportunities. -END OF RELEASE-

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About Viking Offshore and Marine Limited Viking Offshore & Marine Limited (Viking) is an offshore and marine specialist that is listed on the Singapore Exchange and headquartered at 21 Kian Teck Road. Driven by the belief that the offshore and marine sector will provide strong and sustainable growth due to the rising demand for oil, Viking provides integrated solutions that transcend product categories and geographical boundaries to its valued customers. The offshore and marine business of Viking is made up of three operating companies Viking Airtech Pte Ltd (Viking Airtech), Promoter Hydraulics Pte Ltd (Promoter Hydraulics) and Marshal Systems Pte Ltd (Marshal Systems). Today, the Group has become truly international as it forays into new markets. Encouraged by the pipeline of opportunities overseas, Viking has further cemented its footprint by converting what used to be just overseas marketing operations (OMO) and representative offices to full -fledged operations in China, Malaysia, and Indonesia. Together with the extensive network of service stations, Viking is able to support its clients worldwide. Viking has secured projects from clients in Vietnam, Indonesia, Malaysia, Australia, Middle East, and Brazil. The on-ground operations of plants, fully-operated offices and satellite office contacts are supported by its extensive global service network with stations across major cities around the world. For more information, please visit: www.vikingom.com
Media Contact: WeR1 Consultants Pte Ltd 38A Circular Road Singapore 049394 Tel: (65) 6737 4844 Fax:(65) 6737 4944 Josephine Auxilio (josephine@wer1.net) Amelia Lee (amelia@wer1.net)

This announcement has been prepared by the Company and its contents have been reviewed by the Companys sponsor, CIMB Bank Berhad, Singapore branch (the Sponsor), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited (the SGX-ST), this being the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement. The announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Mr. Tony Toh, Director, Corporate Finance. The contact particulars are 50 Raffles Place #09-01 Singapore Land Tower Singapore 048623, Telephone: +65 6337 5115.