The Board of Directors of ASL Marine Holdings Ltd. referred to the trust deed dated 7 May 2008, as amended and restated by the amendment and restatement trust deed dated 31 March 2014, and as further amended and restated by the second amendment and restatement trust deed dated 31 January 2017, and as further amended and supplemented by the supplemental trust deed dated 1 February 2019, in each case between the Company, as issuer, and the Trustee, as trustee. Capitalised terms used but not defined in this Announcement shall have the meanings ascribed to such terms in the Trust Deed relating to the Notes. Pursuant to Condition 6(I) of the Notes, the Company is redeeming SGD 250,000 of the outstanding principal amount of the Notes on a pro rata basis, together with interest accrued, but unpaid, on the amount to be redeemed up to and excluding the date fixed for redemption, on 1 October 2020. The Company is providing the following additional information in relation to such redemption: immediately prior to the redemption referred to above, (i) the outstanding principal amount of each SGD 250,000 Denomination Amount of Notes is SGD 227,500 and (i) the number of SGD 250,000 Denomination Amount of Notes outstanding is 200; the amount to be redeemed for each SGD 250,000 Denomination Amount of Notes is SGD 1,2501; the outstanding principal amount of each SGD 250,000 Denomination Amount of Notes after such partial redemption is SGD 226,2502; the record date for the purposes of the redemption shall be 24 September 2020; and trading and transfers of the Notes will be suspended from the record date until such time the redemption is ef ected by the Depository and the Notes being redeemed shall be debited from the Depository securities account or sub-account of the relevant holder of such Notes on the Redemption Date.