Courage Investment Group Limited — Proxy Solicitation & Information Statement 2012

Mar 22, 2012

IMPORTANT

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COURAGE MARINE GROUP LIMITED 勇利航業集團有限公司

This Proxy Form is for use by attendance of shareholders registered under the Hong Kong Branch Share Register and Transfer Office.

(Incorporated in Bermuda with limited liability)

(Hong Kong Stock Code: 1145) (Singapore Stock Code: E91.SI)

PROXY FORM

(Please see notes overleaf before completing this Form)

I/We [(Note 1)] ,

(Name) of

(Address)

being a shareholder/shareholders of Courage Marine Group Limited (the “ Company ”) and the registered holder(s) of shares [(Note 2)] in the capital of the Company, hereby appoint:–

Name:Address:	Proportion of Shareholding(s)to be represented(Note 3)Number of Share(s)%

and/or (Delete as appropriate)Name:Address:	Proportion of Shareholding(s)to be represented(Note 3)Number of Share(s)%

or failing him/her, the Chairman of the Annual General Meeting (the “ AGM ”) of the Company as my/our proxy/proxies to attend and to vote for me/us on my/our behalf at the AGM of the Company to be held at Suntec Singapore International Convention & Exhibition Centre, Meeting Room 308, Level 3, 1 Raffles Boulevard, Suntec City, Singapore 039593 on Thursday, 26 April 2012 at 3:00 p.m., and at any adjournment thereof.

I/We direct my/our proxy/proxies to vote for or against the Ordinary Resolutions to be proposed at the AGM as indicated hereunder. If no specific directions as to voting are given, the proxy/proxies will vote or abstain from voting at his/her/their discretion, as he/she/they will on any other matter arising at the AGM and at any adjournment thereof.

Please indicate your vote “For” or “Against” with a tick ( 3 ) within the box provided.

Please indicate your vote “For” or “Against” with a tick (3) within the box provided.	Please indicate your vote “For” or “Against” with a tick (3) within the box provided.	Please indicate your vote “For” or “Against” with a tick (3) within the box provided.	Please indicate your vote “For” or “Against” with a tick (3) within the box provided.
No.Resolutions relating to:Number of VotesFor**(Note 4)Number of VotesAgainst**(Note 4)As Ordinary Business1.To receive and adopt the Directors’ Report and the Audited Accounts for the year ended31 December 2011 and the Auditors’Report thereon.2(a).To re-elect Mr Sin Boon Ann retiring pursuant to Bye-law 86 of the Company and who,being eligible, has offered himself for re-election.2(b).To re-elect Mr Gary Lui Chun Kin retiring pursuant to Bye-law 86 of the Company andwho, being eligible, has offered himself for re-election.2(c).To re-elect Mr Chu Wen Yuan retiring pursuant to Bye-law 86 of the Company and who,being eligible, has offered himself for re-election.3.To approve the payment of Directors’ fees of US$112,923 for the year ended 31 December2011 (FY2010: US$180,406).4.To re-appoint Deloitte & Touche LLP as Auditors of the Company and to authorise theDirectors to fix their remuneration.5.To transact any other business of an Annual General Meeting.As Special Business6.To authorise Directors to issue shares
	To authorise Directors to issue shares

Dated this day of 2012.

Signature(s) of Shareholder(s)/or Common Seal of Corporate Shareholder

Notes:

1. Full name(s) and address(es) are to be inserted in BLOCK CAPITALS.

2. Please insert the number of shares of the Company registered under your name(s) and to which the proxy relates. If no number is inserted, this form of proxy will be deemed to relate to all the shares of the Company registered under your name(s).

3. A member of the Company entitled to attend and vote at the AGM of the Company is entitled to appoint more than one proxy to attend and vote on his/her behalf. A proxy need not be a member of the Company. Where a member appoints more than one proxy, he/she shall specify the proportion of his/her shareholdings to be represented by each proxy, failing which the nomination shall be deemed to be alternative.

4. Please note that if you would like to vote for a resolution, please put a tick (3) in the “For” column. If you would like to vote against a resolution, please put a tick (3) in the “Against” column. If you would like to vote in respect of some of the shares represented by the proxy (proxies) appointed, please insert the number of shares instead of a tick (3). If no tick (3) or a number of shares is put in any column, the proxy/proxies is/are authorized to vote at his/her/their discretion.

5. The instrument appointing a proxy or proxies in case of an individual must be under the hand of the appointor or his attorney duly authorised in writing. In case of a shareholder which is a corporation, it must be executed either under its Common Seal or under the hand of its attorney or a duly authorised officer. Any alternation made to this form of proxy must be initialed by the person who signs it.

6. Where an instrument appointing a proxy is signed on behalf of the appointor by an attorney, the letter or power of attorney or a duly certified copy thereof must (failing previous registration with the Company) be lodged with the instrument of proxy, failing which the instrument may be treated as invalid.

7. The Company shall be entitled to reject the instrument appointing a proxy or proxies if it is incomplete, improperly completed, illegible or where the true intentions of the appointor are not ascertainable from the instructions of the appointor specified in the instrument appointing a proxy or proxies.

8. To be valid, this form of proxy, together with any power of attorney (if any) or other authority (if any) under which it is signed or a notarially copy thereof, must be deposited at the Hong Kong Branch Share Registrar and Transfer Office, Tricor Investor Services Limited at 26th Floor, Tesbury Centre, 28 Queen’s Road East, Hong Kong as soon as practicable but in any event not less than 48 hours before the time appointed for holding the AGM or any adjournment thereof (as the case may be).

9. A proxy need not be a member of the Company but must attend the AGM in person to represent you.

10. Completion and delivery of this form of proxy will not preclude you from attending and voting at the AGM if you so wish.