Established in 1996, Swiber is today an integrated offshore Engineering, Procurement, Construction, Installation and Commission ("EPCIC") contractor with supporting in-house offshore marine capabilities. Offshore EPCIC Services: Leveraging on our strong engineering capabilities, we provide a full suite of EPCIC services which can be customized according to project requirements. Offshore Marine Support Services: We charter support vessels, including logistics support, to customers both on a time charter and bareboat charter basis. As at 17 September 2006, we have a fleet of nine operating vessels, comprising five tug boats and four barges. By integrating our complementary services, we are able to provide customers with one-stop solutions for all the relevant stages of their offshore oil and gas projects. Led by a team of professional and market-oriented management, Swiber has grown its business due to its quick response to market trends and opportunities. In 2002, Swiber strategically shifted its focus away from pure-play vessel chartering towards offshore EPCIC services. The tactical move augured well for Swiber as offshore EPCIC services, together with the offshore marine support services supporting the EPCIC services, now account for the Group’s main revenue and earnings drivers. (mouseover the locations for subsidiaries) While our subsidiaries are in Singapore, Malaysia and Indonesia, the group serves a geographically diversified customer base, having handled EPCIC projects and marine support services for customers based in Singapore, Malaysia, Indonesia, Thailand, Bangladesh, India, China, Australia and United States. Due to the geographical diversification of our operations, we have generally been able to allocate our resources to specific geographic areas in accordance with the weather conditions. This would mitigate the effects of seasonality on our business operations. DisclaimerSwiber Holdings Limited © 2006