Otto Marine issues profit warning

Company News - February 9, 2012

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The Board of Directors of Otto Marine Limited issued a profit warning recently regarding
the financial results of the company and its subsidiaries for the financial year ended 31
December 2011.

The group is expected to report a loss for the financial year ended 31 December 2011 compared with a profit for the corresponding period in 2010, largely due to, amongst others, the following:

and

The profit warning is based on a preliminary review of the unaudited financial results of the Group.

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