S E A Holdings Limited — Share Issue/Capital Change 2012

Jul 12, 2012

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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S E A HOLDINGS LIMITED 爪 哇 控 股 有 限 公 司 *

（ Incorporated in Bermuda with limited liability ） (Stock Code ： 251)

GRANT OF SHARE OPTIONS

The Board announces that on 12 July 2012, the Company has offered to grant to the Grantees Share Options to subscribe for a total of 48,196,000 Shares under the Share Option Scheme.

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).

The board of directors (the “ Board ”) of S E A Holdings Limited (the “ Company ”) hereby announces that on 12 July 2012, the Company has offered to grant 48,196,000 share options (the “ Share Options ”) to certain eligible participants (the “ Grantees ”) to subscribe for a total of 48,196,000 ordinary shares of HK$0.10 each in the capital of the Company (the “ Shares ”) under the share option scheme (the “ Share Option Scheme ”) adopted by the Company on 19 August 2005, subject to the acceptance of Grantee. Details of the Share Options offered to be granted are as follows:

Date of offer : 12 July 2012 Number of Share Options offered to be : 48,196,000 Shares Options, each Share Option granted entitling the Grantee to subscribe for one Share Exercise price of Share Options offered to : HK$3.454 per Share, which represents the be granted highest of (i) the closing price of the Shares on

HK$3.454 per Share, which represents the highest of (i) the closing price of the Shares on the date of offer of HK$3.340; (ii) the average closing price of the Shares of HK$3.454 for the five business days immediately preceding the date of offer; and (iii) the nominal value of the Shares

Closing price of the Shares on the date of : HK$3.340 offer Validity period of the Share Options : From the date of grant up to 30 June 2017

* For identification purpose only

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Among the Share Options offered to be granted, 30,096,000 Share Options were offered to be granted to the directors of the Company (the “ Directors ”) with details as follows:

Name of Director Mr. Lu Wing Chi Mr. Lu Wing Yuk, Andrew Mr. Lincoln Lu Mr. Lambert Lu Mr. Lam Sing Tai Mr. Walujo Santoso, Wally Mr. Leung Hok Lim Mr. Chung Pui Lam	Position held Chairman and Managing Director Executive Director Executive Director Executive Director Non-executive Director Independent Non-executive Director Independent Non-executive Director Independent Non-executive Director Total :	Number of Share Options offered to be granted 6,690,000 1,338,000 6,690,000 6,690,000 6,690,000 666,000 666,000 666,000 30,096,000

Save as disclosed above, none of the other Grantees of the Share Options are Directors, chief executives or substantial shareholders of the Company, nor an associate (as defined in the Listing Rules) of any of them.

For and on behalf of S E A Holdings Limited Chan Yuk Ying Company Secretary

Hong Kong, 12 July 2012

At the date of this announcement, the Board comprises the following members:

Executive Directors:

Messrs. Lu Wing Chi (Chairman and Managing Director) , Lu Wing Yuk, Andrew, Lincoln Lu and Lambert Lu

Non-executive Director:

Mr. Lam Sing Tai

Independent Non-executive Directors:

Messrs. Walujo Santoso, Wally, Leung Hok Lim and Chung Pui Lam

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