Ezra Holdings Limited

RECEIPT OF BANK REFUND GUARANTEE AMOUNTS OF NOK 186 MILLION

Ezra Holdings Limited (“Ezra” or “the Group”) refers to its SGXNET announcement on 6 March 2009. Following the cancellation of the shipbuilding contracts for the two multifunctional support vessels with Karmsund Maritime Service AS (“KMS”), Ezra wishes to announce that the Group has received the full refund guarantee amounts totalling NOK 186 million, which were advance payments made to KMS for the two contracts.

By Order of the Board

Submitted by David Tan Yew Beng, Company Secretary on 17 March 2009 to SGX.

About Ezra Holdings Limited

Specialising in offshore support and marine services, Ezra (以斯拉控股) is unique in the offshore oil & gas industry because it offers an integrated range of vessels for charter across a broad spectrum of the support supply chain.

Ezra manages and operates a young fleet of anchor handling, towing & supply vessels (AHTSes), anchor handling tugs (AHTs) and fast crew utility boats, which offer transport & logistics support services that span an oilfield’s entire life cycle.

The construction & production arm, under 48.9%-owned EOC Limited, offers offshore transport, installation, construction & floating production services that support the entire life cycle of offshore oil and gas production. It manages two heavy lift accommodation crane barges, a pipelay vessel and a floating production, storage and offloading facility (FPSO).

Ezra also offers marine & offshore support engineering and training services, as well as marine supplies. Logistics and fabrication engineering services are offered out of Vietnam through HCM Logistics. The Group also sources specialty products such as customised safety equipment packages.

Ezra’s newest division – energy services – will tap into new growth areas as more oilfields enter the production phase. It offers well intervention, well stimulation, hydraulic workover, coil tubing, drilling, cementing and well abandonment work.

Ezra Holdings Limited