SWIBER HOLDINGS LIMITED INCORPORATION OF SUBSIDIARY

SWIBER HOLDINGS LIMITED
INCORPORATION OF SUBSIDIARY COMPANY IN INDIA, SWIBER
OFFSHORE (INDIA) PRIVATE LIMITED
The Board of Directors of Swiber Holdings Ltd (“the Company”) wishes to inform that it
has incorporated a wholly owned subsidiary in India known as Swiber Offshore (India)
Private Limited (“Swiber India”). The Company owned 100% of the equity shares,
comprising 10,000 shares of Rs. 10/ each, in the capital of Swiber India.
The paid up capital of Swiber India is Rs.100,000 and its principal activity is to carry out
business in India and abroad relating to Offshore Marine Support and EPCIC services.
Swiber India will act as a platform from which the Group can tap on business
opportunities in India and Middle East
The investment in Swiber India is funded through internal resources and is not expected to
have any material financial impact on the consolidated net tangible assets per share and
consolidated earnings per share of the Company and its Group for the current financial
year ending 31 December 2007.
None of the Directors or Substantial Shareholders of the Company has any interest in the
above transactions, save for their interests arising by way of their directorships in the
Company.
By Order of the Board
Goh Kim Teck
Executive Chairman
12 July 2007