VIKING OFFSHORE AND MARINE LIMITED

Company Registration No. 199307300M

3 Phillip Street #11-01 Commerce Point Singapore 048693
Tel: 6536 3353 Fax: 6536 1733 Website: www.vikingom.com

MEDIA RELEASE

Viking Offshore and Marine Names Top

Management; Chairmen of Three Unlisted
Subsidiaries

• Oxford-trained former Singapore Navy scholar Ng Yeau Chong to

head Operations

• Executive Director Ivan Chong to be named Chairman of unlisted

FMCG subsidiary and head of HR and Corporate Services

• INSEAD-trained former management consultant Jason Ong to head

International Business Development

• CFO Low Jooi Kok and Independent Director Lee Suan Hiang to
head separate boards of two unlisted offshore and marine
subsidiaries

• New independent Director Woo Peng Kong brings strong

engineering background to strengthen Viking’s Board

Singapore, 17 August 2010 – Homegrown Viking Offshore and Marine Limited

(“Viking” or the “Group”) has named an Oxford-trained naval scholar as its Chief
Operating Officer (“COO”) and appointed chairmen to its three subsidiaries to transform
the management leadership of the Singapore Exchange Catalist-listed company.

The appointments will strengthen business development, management and operations to

integrate three major companies acquired since the start of the year and accelerate the
transformation of Viking into a leading offshore and marine (“O&M”) services player.

Viking last month announced it was buying controlling stakes worth S$29.8 million in two
companies as part of its strategy to bolt-on capabilities to its wholly owned company Viking
Airtech Pte Ltd (“Viking Airtech”), a Heating, Ventilation, Air-conditioning & Refrigeration
systems (“HVAC&R”) specialist acquired in January for S$44 million.
 Media Release – Viking Offshore and Marine Names Top Management;
Chairmen of Three Unlisted Subsidiaries
17 August 2010
Page 2 of 4
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The two companies are Promoter Hydraulics Distributor Pte Ltd (“Promoter”) – a leading
wholesaler of winches, power packs and marine decking equipment – and Marine
Accomm Pte Ltd (“Marine Accomm”) – Singapore’s largest turnkey project integrators of
accommodation and fit-out for the O&M industry.

“Having undertaken these major acquisitions in less than a year as part of our bolt-on
strategy, the challenge now for Viking is to integrate and streamline the operations so that
the enlarged Group is able to reap economies of scale in business development,
operations and human resources. Viking is moving swiftly to tackle the “soft” aspects
needed to make its bolt-on strategy work,” Mr Lim said. “Viking’s transformation can only
take place with the right leaders at the helm.”

Mr Ng Yeau Chong, aged 43, who has a Master of Arts from Oxford University, is named
Chief Operating Officer (“COO”). He will oversee sales and marketing and integration of
the newly acquired subsidiaries. Apart from his Group-wide COO duties, he will also serve
as CEO of wholly owned Promoter.

After serving eight years in the navy, Mr Ng went on to stints in the public sector (SPRING
Singapore), banking (UOB) and global IT giant (Oracle). He holds a MBA (Accountancy)
from Nanyang Technological University, is a Chartered Financial Analyst and is certified
as a Financial Risk Manager.

Viking, which announced net profit after tax of S$5.9 million for the six months ended 30
June 2010, is also taking the unusual step of appointing chairmen of three unlisted
subsidiaries.

Mr Ivan Chong, aged 55, will step down as independent director of Viking from 1
September and become Executive Director in charge of human resources development
and corporate services. He is also named chairman of Viking’s subsidiary Chuan Seng
Leong Pte Ltd, a leading wholesale distributor of household and personal care essentials.
Currently an advisor to the Advertising Standards Authority of Singapore, he has been
conferred the “Friend of Labour” award by the National Trades Union Congress.
 Media Release – Viking Offshore and Marine Names Top Management;
Chairmen of Three Unlisted Subsidiaries
17 August 2010
Page 3 of 4
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Mr Jason Ong, Director of International Business will be based in Shanghai, China, and
tasked to drive the geographical expansion plans as to increase international footprints
especially in Brazil, India and China. He graduated with an MBA from INSEAD and worked
for five years as a business analyst with the leading global management consulting firm
A.T. Kearney. Jason Ong is the son of Viking’s CEO, Mr Ong Choo Guan.

Viking’s CFO, Mr Low Jooi Kok, will serve as Non-Executive Chairman of 55%-held
Marine Accomm, while Independent Director Mr Lee Suan Hiang – a senior civil servant –
will serve as Non-Executive Chairman of Viking Airtech.

“The subsidiaries will each have their own chairman and a fully functional board of
directors. We believe this will aid and support the respective CEOs who are given full
autonomy to grow their businesses under the Viking umbrella. It will also provide strong
corporate governance which provides a solid foundation should these subsidiaries pursue
their own public listing in the future,” Mr Lim said.

“We want to ensure that each board has the right mix of experience and expertise to
manage the integration, and expansion growth of the company,” Mr Lim added.

Replacing Mr Chong as Viking’s Independent Director with effect from 1 September is Mr

Woo Peng Kong. He has over 30 years’ experience in the oil & gas and O&M industries
in senior management roles in engineering, sales & marketing, new business start-ups
and joint ventures. He has held senior appointments in various private & public-listed
companies including as Managing Director of Group Capital Equipment and Projects of KS
Energy Services Limited. Mr Woo, aged 57, holds a First Class Honours Bachelor Degree
in Mechanical Engineering from the then-University of Singapore, and a Certified Diploma
in Accounting & Finance from the Chartered Association of Certified Accountants.

– End –
 Media Release – Viking Offshore and Marine Names Top Management;
Chairmen of Three Unlisted Subsidiaries
17 August 2010
Page 4 of 4
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About Viking Offshore and Marine Limited

Listed in 2000 as Novena Holdings Limited, the Group was re-named Viking Offshore
and Marine Limited in 2010 when it acquired leading HVAC&R specialist Viking Airtech
Pte Ltd, marking the first step in its strategic foray into the offshore and marine
(“O&M”) sector.

An industry leader with a track record of over 300 projects valued at more than S$100
million secured over the last three years, Viking Airtech is the preferred integrated
solutions provider to shipyards and vessel owners in the PRC and South-East Asia,
offering design, engineering, manufacturing, project management and commissioning
of HVAC&R systems. It has received numerous awards for outstanding safety,
performance standards and is supported by a global after-sales service network.

In line with the Group’s vision to be the leading integrated O&M solutions provider,
Viking announced in July 2010 it would acquire controlling stakes in: (i) 100% stake in
Promoter Hydraulics Distributor Pte Ltd – a specialist in winches, power packs and
marine decking equipment – and (ii) 55% stake in Marine Accomm Pte Ltd – a turnkey
project integrator of offshore accommodation and fit-out specialist. These acquisitions
contribute to Viking’s bolt-on strategy by adding competencies to the Group’s
HVAC&R competencies, enlarging its suite of services and customer base.

In addition, the Group’s business also includes equity investments and investment
holdings in two operating subsidiaries, Chuan Seng Leong Pte Ltd (Fast Moving
Consumer Goods) and Shine@Spring Pte Ltd (Beauty Wellness Products).

For more information, please visit: www.vikingom.com

Viking Offshore and Marine Limited Investor Relations contact:

3 Phillip Street #11-01 Commerce Point WeR1 Consultants Pte Ltd
Singapore 048693 29 Scotts Road Singapore 228224
Tel: (65) 6536 3353 Tel: (65) 6737 4844, Fax: (65) 6737 4944
Fax: (65) 6536 1733 Ng Chung Keat, ngck@wer1.net
Amy Yeo, amyyeo@wer1.net

This document has been prepared by the Company and its contents have been reviewed by
the Company’s sponsor, CIMB Bank Berhad, Singapore branch (“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 document.

The document has not been examined or approved by the SGX-ST. The Sponsor and the
SGX-ST assume no responsibility for the contents of this document including the correctness of
any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Mr Tony Toh, Senior Vice President, Corporate Finance.
The contact particulars are 50 Raffles Place #09-01 Singapore Land Tower Singapore 048623,
Telephone: +65 6337 5115.