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

Date: 30 May 2013

LETTER FROM MAJOR SHAREHOLDERS

At the request of its major shareholders; namely, SEA6 Limited and CHAMP Marlin Holdings

Limited, Miclyn Express Offshore Limited (ASX: MIO) would like to release the appended letter.

About Miclyn Express Offshore

Miclyn Express Offshore is a leading provider of service vessels to the expanding offshore oil and gas industry, across South-East Asia, Australia and the Middle East. The Group charters a diverse range of OSVs, Crew/Utility Vessels, Tugs, Barges and Coastal Survey Vessels to a wide range of customers operating across all phases of the offshore oil and gas cycle, namely exploration, development and production, as well as project transportation and the offshore civil construction industry. The Group operates a vertically integrated business model through its vessel chartering and shipyard businesses. The shipyard provides in-house vessel newbuilding, conversion, repair and maintenance services, as well as third party vessel conversion, repair and maintenance services when spare capacity exists.

For further enquiries, please contact:

Adam Clayton

GM, Corporate Finance & Investor Relations

Tel: +65 6829 6122 Mob: +65 8298 5155

29 May 2013
To:
Neil Hamilton and George Venardos
Directors
Miclyn Express Offshore Limited
With a copy to:
Mr Lawrence Chan
Company Secretary
Miclyn Express Offshore Limited
Mr Adam Clayton
GM, Corporate Finance & Investor Relations
Miclyn Express Offshore Limited
By email FOR RELEASE TO ASX
Dear Mr Hamilton and Mr Venardos

Statements made in Letter to Shareholders dated 29 May 2013

We refer to your letter to shareholders of Miclyn Express Offshore Limited (MIO or the Company) dated 29 May
2013, which we understand was sent to shareholders today and provided to ASX for purposes of announcement to the market.
Given the serious factual inaccuracies in your letter, we considered it necessary to go on record to reject generally the many inaccuracies and baseless assertions in your letter.
As a preliminary matter, we note that since 2 March 2010, the date of the Company's Prospectus (which Neil Hamilton, as chairman of the Company's board of directors, approved for purposes of disclosure to the public), shareholders have been on notice that the Company is a Bermuda incorporated company and subject to those laws. Further, we note that since 2 March 2010, the Company and its board of directors (under Neil's chairmanship) have remained subject to Bermudian law. The Company has reminded shareholders of this fact on various occasions, including on 26 August 2011 in the Company's announcement to the market of SEA6 Limited's
acquisition of shares in the Company and on 26 September 2012 in the Company's announcement to the market of
CHAMP Marlin Holdings Limited's agreement to acquire shares in the Company.
In relation to our acquisition of shares in the Company, no action taken by us has been contrary to Bermudian law, the Company's Bye-laws, ASX Listing Rules or any other law. In our view, it is entirely reasonable and consistent with market practice for us to seek proportional representation on the Company's board of directors.
Without being exhaustive, we also draw your particular attention to the following matters referred to in your letter: