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Swire Pacific Limited
(Incorporated in Hong Kong with limited liability)

FOR IMMEDIATE RELEASE 3 April 2014

Swire Pacific Offshore (SPO) Clocks a New Milestone with the Naming of its First
L-Class Platform Supply Vessel (PSV), Pacific Leader

Leading Shipowner and Operator will Have Eight Vessels in this New L-Class Series of
Platform Supply Vessels as Part of its Fleet Expansion Plans

Singapore, 3 April 2014 - Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of its first L-Class vessel, Pacific Leader in Japan on Friday, 28 March 2014.

The naming ceremony of Pacific Leader was held 10.30 am at Maizuru Shipyard, Japan Marine United Corporation (JMU), Japan. The event was graced by Lady Sponsor, Mrs Mary Kilgour, wife of Finance Director of Swire Pacific Limited, Mr Peter Kilgour.

"The L-Class series of large PSVs is another important step in the growth and development of Swire Pacific Offshore's fleet. With a fuel efficient modern design and a high quality, high specification build, we are confident these large capacity vessels will offer our customers an exceptionally reliable, economical and flexible solution to their offshore marine support needs and continue to enhance SPO's capabilities as a leading maritime services provider," says Managing Director of SPO, Mr Neil Glenn.

Pacific Leader is the first of a series of eight L-Class vessels that SPO has commissioned. Four vessels will be built by JMU in Japan and the balance four vessels will be built in Brazil. Upon its delivery, Pacific Leader will be going straight into a charter contract.

"JMU is honoured to work with leading shipowner and operator, SPO on the construction of their first L-Class vessel. SPO and JMU share similar corporate values in terms of a constant strive for excellence and a strong emphasis on high safety and environmental standards. We believe that this series of high quality platform supply vessels will generate strong interest and demand within the global oil & gas industry," says Managing Director of JMU, Mr Masaaki Kenko.

Today, SPO owns and operates a diverse fleet of 85 offshore support vessels, including anchor handling tug supply vessels, platform supply vessels, ice-breaking supply vessels, anchor handling tugs, seismic survey vessels, wind-farm installation vessels, accommodation vessels and multi-purpose offshore vessels. SPO will have a fleet of 100 vessels by the end of 2015.

The L-Class vessels (5258 DWT), with the fuel-saving design, consisting of newly developed fuel efficient propulsion pods, a four-engine diesel electric power plant, large cargo carrying capacity and bulk cargo system, makes them well suited for supply duties in deep water environments. The propulsion system features a computerised power management system that is programmable to ensure the optimisation of the diesel engine load and fuel consumption. The Cargomaxx bulk system allows for the carriage of dry and wet bulk cargoes in 5 separate tanks, uses a pressure vacuum system to load and upload the cargo and has a product weighing system to accurately measure a product delivered as an individual parcel or as an aggregated amount over a period of time. These FiFi 1, DP2 vessels are also SPS Compliant and Clean Class. Please refer to Appendix A for the Specification Sheet of Pacific Leader.

For photographs of the naming ceremony, please visit
http://www.swire.com.sg/Media/Gallerypage/Naming-Ceremony-Pacific-Leader.aspx

-end-

About Swire Pacific Offshore (SPO)
Swire Pacific Offshore Operations (Pte) Ltd is a leading service provider to the offshore oil and gas industry with a network that spans the globe. Operating for more than 35 years, SPO has become a trusted name in the oil and gas industry. SPO has operated in Singapore since 1975 and moved its headquarters there in 1992. SPO is a fully owned subsidiary of Swire Pacific Limited. In line with its vision, "Excellence in Marine Services", strong emphasis is placed on health and safety, the environment and sustainable development. SPO and its subsidiaries operate vessels in every major oil exploration region outside of USA and have offices in Angola, Australia, Azerbaijan, Brazil, Brunei, Cameroon, Denmark, Equatorial Guinea, Ghana, India, Indonesia, Kenya, Malaysia, Newfoundland, New Zealand, Norway, Qatar, The Philippines, Russia, Scotland and the United Arab Emirates.

For more details, visit http://www.swire.com.sg/

About Japan Marine United Corporation (JMU)
The Japan Marine United Corporation (JMU) was formed through the merger of Universal Shipbuilding Corporation and IHI Marine United Inc., both leading companies in the shipbuilding industry in Japan in January 2013. By synergising the strengths of both companies in terms of design, development and technological capabilities in shipbuilding, JMU aims to establish itself as a world-class shipbuilding company that is anchored with a strong Japanese shipbuilding alliance. The company constantly seeks to strengthen their competitiveness and further implement their growth strategy in the four key business fields namely, Naval Ship, Ship Life Cycle and Merchant Ship & Offshore Work.

For more details, visit http://www.jmuc.co.jp/en/


Source: Swire Pacific Limited
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