Seamec Ltd — Capital/Financing Update 2021

Jul 1, 2021

SEAMEC/NSF/SMO/SP/0107/2021

July 1, 2021

National Stock Exchange of India Limited Exchange Plaza Plot No. C/l, G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400 051

Trading Symbol: "SEAMECLTD"

Sub: Purchase of Vessel and Deployment on Bareboat Charter - Subtech Paladin

Dear Sir / Madam,

Further to our letter no. SEAMECiNSE/SMO/SP/2706/2021 da ted June 27, 2021, w write to infonn you that the Company has completed the process of purchase of vessel "SubtecJ1 Paladin" and taken over the same on June 30, 2021at18:15 hours London time/ lST 22:45 hours.

On completion of takeover, the vessel was put on deployment on bareboat charter with M/s. James Fisher Marine Services Limited with multiple options during charter period.

The charter hire for the firm period is USO 990,000.

We request you to kindly take the above on your records.

Thanking you,

Yours Faithfully, For SEAMEC LIMITED

~tJ~~

S.N. hanty President - Corporate Affairs, Legal and Company Secretary