Miclyn Express Offshore Limited

ABRN 141 683 552

3 HarbourFront Place

#11-01/04 HarbourFront Tower Two

Singapore 099254

Telephone: +65 6545 6211

Fax: +65 6545 9211

Internet: www.miclynexpressoffshore.com

24 October 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: -

(i) 229,557 share rights have been issued to eligible employees under the Employee

Retention Plan ("ERP"); and

(ii) 11 share options under the Employee Incentive Plan ("EIP") expiring 26 March 2015 have been cancelled due to rounding adjustments.

The balance of share options and share rights after the above movements are as follows:- (i) 2,299,021 Share Options under the EIP; and

(ii) 345,286 Share Rights under the ERP.

An updated Appendix 3B is accompanied with this announcement.

Kind Regards

MICLYN EXPRESS OFFSHORE LIMITED

LAWRENCE CHAN

COMPANY SECRETARY 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

Share Rights to be issued ordinary shares


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

229,557


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)

229,557 unlisted share rights of which: