EOC Limited: Second Quarter Financial Year 2014 Results

Regulatory News:

EOC Limited (OSE:EOC)

· Revenue increased 45% to USD 11.5 million during 2QFY2014, supported by contributions from project management, engineering and procurement services

· The Group’s accommodation vessels securing long term charters:

· Lewek Conqueror was successfully placed out on a time charter of USD 100 million (as announced on 5 March 2014)

· Lewek Chancellor was actively marketed during the 2QFY2014 period.

· Increased contributions from the Production Division:

· riven by improved operational activity at both FPSOs, Lewek Emas and Perisai Kamelia (formerly Lewek Arunothai)

· Lewek Emas is operating in offshore Vietnam, while Perisai Kamelia has been operating in the North Malay Basin, Malaysia

· Both FPSOs are performing well in the quarter at above 98 percent uptime, with excellent safety performance over the period

· USD 200 million sale and leaseback of the DP2 pipelay and heavy lift construction vessel, Lewek Champion in February 2014

· Reducing debt and strengthening balance sheet

· As of 28 February 2014, the net gearing for the Group stood at 0.03x

· Improved financial position for opportunities in the offshore and accommodation sector

More information can be found at:

http://mb.cision.com/Public/738/9565767/b6a12f014b69fc02.pdf

http://mb.cision.com/Public/738/9565767/9780baf2d7c184b1.pdf

ABOUT THE COMPANY

www.emasoffshore-cnp.com

Oslo Børs listing: October 2007

EOC Limited is a provider of offshore accommodation, construction and production vessels and services. The Group is headquartered in Singapore and operates across key markets of exploration and production activities in the Asia-Pacific region, such as Brunei, Indonesia, Malaysia, Vietnam and Thailand.

The Group operates accommodation and/or construction units and floating production, storage and offloading ("FPSO”) systems and its excellent operational and HSE (health, safety and environment) track record has allowed it to establish strong working relationships with leading international oil majors, national oil companies and various independent operators.

The Group is an associate company of Singapore Exchange-listed Ezra Holdings Limited, a leading global offshore contractor and provider of integrated offshore solutions to the O&G industry.

Other media releases on the company can be accessed at www.oaktreeadvisers.com

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