RESPONSE TO SGX QUERY ON ANNUAL REPORT 2012 FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2012 The Board of Directors of Swiber Holdings Limited (the “Company”) refers to its Annual Report 2012 for the financial year ended 31 December 2012 and wishes to provide the following clarification in response to the query raised by the Singapore Exchange Securities Trading Limited (“SGX”) received on 10 April 2013:
SGX Query The disclosure of five directors’ remuneration at page 51, as being “S$500,000 and above” without identifying which S$250,000 band it falls within, is not in compliance with the Code of Corporate Governance 2005 (Guideline 9.2). Any deviation from the Code has to be explained.
Company’s response In view of the competitive nature of our business and to ensure retention of its key management team, the Company has decided not to disclose the five directors’ remuneration within the band of S$250,000 in the Annual Report 2012.
By Order of the Board Raymond Kim Goh Executive Chairman 10 April 2013