Miclyn Express Offshore Limited

ABRN 141 683 552

3 HarbourFront Piace

#11-01/04 HarbourFront Tower Two

Singapore 099254

Telephone: +65 6545 6211

Fax: +65 6545 9211

Internet: www.miclynexpressoffshore.com

24 June 2013

The Listing Manager Australia Stock Exchange Exchange Centre, Level 6

20 Bridge Street

Sydney NSW 2000

Dear Sir/Madam

RE: SHARE OPTIONS AND SHARE RIGHTS Miclyn Express Offshore wishes to announce that: -

1. 200,000 share options expiring 24 September 2017, bave been issued to tbe Executive Director, Diederik de Boer, on 21 June 2013 pursuant to tbe Employee Incentive Pian (''EIP") following tbe approvai given by sbarebolders at tbe Special Generai Meeting beld on 14 June 2013.

2. 6,867 sbares rigbts under tbe Employee Retention Pian (''ERP") bave lapsed due to staff movements.

Tbe baiance of sbare options and sbare rigbts after tbe above movements are as follows:- (i) 2,858,635 Sbare Options under tbe EIP.

(ii) 336,339 Sbare Rigbts under tbe ERP.

An updated Appendix 3B is accompanied witb tbis announcement.

Kinj Regards

MlLYN EXPRESS'OFFSHORE LIMITED

V:1v ,

/

LAWRENCE CHAN

QOMWANYSECRETARY

Appendix 3B New issue announcement Appendix 3B

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12

Name of entity

MICLYN EXPRESS OFFSHORE LIMITED

ABN

141 683 552

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).


1 +Class of +securities issued or to be issued

Options to subscribe for ordinary shares


2 Number of +securities issued or to be issued (if known) or maximum number which may be issued

200,000


3 Principal terms of the

+securities (eg, if options,

exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if

+convertible securities, the

conversion price and dates for conversion)

200,000 unlisted options exercisable from

24 September 2015 and before the close of

business on 24 September 2017 (after which

the options will lapsed) at an exercise price

of A$2.4375 and subject to the vesting

condition of the period of service with the

company up to 24 September 2015, except in certain specific circumstances.

+ See chapter 19 for defined terms.

01/08/2012 Appendix 3B Page 1

Appendix 3B New issue announcement



4 Do the +securities rank equally in all respects from the date of allotment with an existing +class of quoted +securities?
If the additional securities do not rank equally, please state: