The Directors of Courage Marine Group Limited (the "Company") refer to the announcement of unaudited results for the first quarter ended 31 March 2006 dated 9 May 2006 (the "Announcement").
In relation to the statement showing changes in equity (for the Company and the Group) in paragraph 1(d)(i) of the Announcement, the Directors wish to report as attached.
By Order of the Board
Submitted by Lee Pih Peng, Company Secretary on 10 May 2006 to the SGX.
PrimePartners Corporate Finance Pte. Ltd. ("PPCF") is the issue manager and the sponsor of Courage Marine Group Limited's (the "Company's") initial public offering. This announcement has been prepared and released by the Company. PPCF has not been involved in the preparation or release of this announcement and has not verified the accuracy, completeness or adequacy of the information contained herein. Accordingly, PPCF does not accept responsibility for, and disclaims any liability with respect to, the accuracy, completeness or adequacy of the information contained in this announcement or incorporated by reference herein.
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