Corporate Presentation

SEPTEMBER 2013

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MERCATOR AT A GLANCE

— Mercator group has diversified business

interests in Coal, Oil & Gas, Commodity

Transportation and Dredging

— Over US$ 1 Bn assets under management

— Listed on NSE & BSE in India since 1994

and subsidiary listed on SGX main board

in Singapore

— Strong track record for performance and

corporate governance

— Presence in India, Singapore, Indonesia,

Nigeria, Mozambique and China etc

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GROWTH OF MERCATOR GROUP

Turn

ove

r in

USD

Mln

• Entered in Dry Bulk Business

• Awarded 2 oil blocks in India

• Forayed into offshore services

• Concluded Singapore subsidiary IPO

• Entered Dredging and Coal Mining

• Commenced coal operations in Indonesia

• Awarded first FPU contract

• Acquired one more coal mine in Indonesia

• Commissioned FPU at EBOK field in Nigeria

Mercator Group has demonstrated a track record of consistent growth

• Awarded first EPC contract (ONGC SagarSamrat)

• Started coal production at new mine in Indonesia

FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13

176237

308

461396

625

723687

4

GROUP BUSINESS PROFILE

OIL

& GAS

OFFSHORE

SERVICES

E&P

2 onshore

oil blocks in

Cambay

Basin

MOPU +

FSO

(EPCIC &

EPC)

COAL

LOGISTIC

SOLUTIONS

MINNING PROCUREMENT

3 Producing Mines in Indonesia &

1 mining license in Mozambique

Chartered

Barges

Trucks /

Equipments

SHIPPING - ENERGY

TRANSPORTATION

WET

BULK

DRY

BULK

14 Bulkers

with

DWT of

1,061,558

6 Tankers

with

DWT of

576,391

6 Dredgers

with

Hop Cap of

27,581

Cu/M

DREDGING

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OUR APPROACH

Our client focused approach enabled us to build trusted partnerships globally. We understand the business, risks, returns and the future prospects.

Ensuring a sustainable relationship

• In-depth understanding of client’s requirements

• Customized end-to-end solution to customer needs

• Dealing with end users

• Enduring relationship with the clients and stakeholders

Building a scalable business model

• Prudent risk management

• Acquisition of robust assets

• Strong teams for effective project execution

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DEMONSTRATING STRONG CORPORATE GOVERNANCE TRACK RECORD

AWARDS & RECOGNITIONS

Mercator Lines (Singapore) Limited

Global Entrepreneur of the Year 2010

Best Annual Report in 2009 (Silver) and 2010 (Bronze) amongst Singapore listed

companies

Best Investor Relation in 2012 (Gold) and 2011

(Silver) amongst Singapore listed companies

TANKERS

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Forayed into wet bulk transportation in 1998 and commenced crude oil transportation in 2003

Transports crude oil and petroleum products to national and international ports

Operates and provide a tanker as a Floating Storage & Offloading facility (FSO) in offshore field

Own 6 Tankers with DWT 576,391

Undertakes spot contract basis (single-voyage) and period contract basis (fixed-term voyages)

Clientele: IOC, MRPL, BG, BPCL

Consistent track record of full fleet deployment

The Tanker Fleet

Very Large Crude Carrier (VLCC)

Aframaxes

Product Tankers

TANKERS - SNAPSHOT

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TANKERS - FLEET

Sr. No. VESSEL NAME TYPE YEAR BUILT DWT CAPACITY

1 KAMAKSHI PREM VLCC 2006 299,235

2 PREM PRIDE Aframax 1999 109,610

3 PREM MALA MR Tanker 2000 47,044

4 HARSHA PREM MR Tanker 1993 42,235

5 VEDIKA PREM MR Tanker 1993 42,235

6 HANSA PREM MR Tanker 2001 36,032

DREDGING

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Forayed into the dredging business in 2007 to be a key contributor in the rapid expansion of maritime infrastructure in India and around the world

Own 5 technologically advanced Trailer Suction Hopper Dredgers (TSHDs) and 1 Cutter Section Dredger (CSD)

Young fleet with average age of dredgers less than 10 yr

Ability to execute both capital and maintenance dredging projects including reclamation and trenching

5 year performance highlights Quantity dredged over 50 mil m3 Value work performed over Rs 750 Cr

Consistent track record of completing work within contractual time frame

Key Projects Executed

Capital Dredging

Paradip Port

Jaigad Port

Palk Strait of Sethusamudram Ship Channel Project

Taipei Port, Taiwan

Karaikal Port

Maintenance Dredging

Paradip Port

JSW Jaigarh Port

New Mangalore Port

Naval Dockyard, Mumbai

Deepening

Approach channel at Paradip Port

DREDGING - SNAPSHOT

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DREDGERS - FLEET

Sr. No. DREDGER NAME TYPE YEAR BUILTHOPPER

CAPACITY in Cu.M

MAXDREDGING

DEPTH in Mts

SUCTION POWER in KW

1 TRIDEVI PREM TSHD 2006 5,433 27.00 2 X 735

2 DARSHANI PREM TSHD 2006 7,450 27.00 2 X 720

3 BHAGVATI PREM TSHD 2007 7,598 27.00 2 X 720

4 OMKARA PREM TSHD 2008 4,500 30.00 2 X 550

5 UMA PREM TSHD 2004 2,600 25.00 552

6 YUKTI PREM CSD 2011 16.0120 (Cutter

Power)

BULKERS(Mercator Lines Singapore Ltd)

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Commenced dry bulk commodities mainly coal and iron ore transportation in 2005

Imports coal from Indonesia to India for large thermal power plants and exports iron ore from India to China for steel conglomerates

Segment mainly handled through Mercator Lines (Singapore) Limited (Listed on SGX Main Board in Singapore)

Own 14 Bulkers with DWT 1,061,558 (Young and modern fleet with average age much below industry average)

Providing customized logistics solutions from the load port to the point of usage to its customers

BULKERS - SNAPSHOT

The Dry Bulk Fleet

Panamaxes

(both geared and gearless)

Post Panamaxes

Kamsarmaxes

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BULKERS - FLEET

Panamax Fleet Average Age:

9 years

SR NO VESSEL NAME TYPE CAPACITY (DWT) YEAR BUILT

1 Sri Prem Aparna Geared Panamax 73,461 2001

2 Kesari Prem Geared Panamax 69,186 1997

3 Kanak Prem Geared Panamax 69,221 1997

4 Prem Poorva Geared Panamax 69,286 1994

5 Kalpana Prem Geared Panamax 73,652 2000

6 Sri Prem Varsha Geared Kamsarmax 82,379 2006

7 Sri Prem Vidya Geared Kamsarmax 82,273 2006

8 Sri Prem Veena Gearless Kamsarmax 82,459 2007

9 Gaurav Prem Gearless Panamax 73,901 2005

10 Garv Prem Gearless Panamax 74,444 2006

11 Garima Prem Gearless Panamax 74,456 2007

12 Gauri Prem Gearless Panamax 74,405 2007

13 Aarti prem Gearless Panamax 69,087 1994

14 Chitra Prem Gearless Post Panamax 93,270 2010

COAL

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LEVERAGING LOGISTICS EXPERTISE WITH ASSET OWNERSHIP

MININGTRANSPORTATION

/ LOGISTICS

VALUE

ENHANCEMENTDISTRIBUTION

— Investment in upstream

assets

— Secure on-going supply

of product to customers

— Logistics support for

feasible transportation

of coal to tertiary coal

miners in Indonesia who

lack access to logistics

— Coal trader earning

superior margins on

back of its ability to

aggregate demand on

the back of its logistics

infrastructure

— Access to a small port

with a jetty for barges to

move coal to the mother

vessel

PRESENCE ACROSS ALL STAGES OF THE VALUE CHAIN

Mercator with its integrated business model seeks to move the focus from the mine to the logistics and infrastructure

required to ensure that the coal reaches the end customer

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— 3 producing mines in

East Kalimantan

— Over 75 mln MT

resources

— Current production 1.5

mln MT per annum

— Target production of 4

mln MT p.a. for 2014

— Complete control over

logistic/evacuation chain

— Amongst Top 3 coal traders

from Indonesia

— Sourcing alliances from

various miners

— Procuring presence in

East Kalimantan, South

Kalimantan, Central

Kalimantan and Sumatra

— Flexibility in dealing various

grade of coal

— Efficiency in controlling

sourcing and logistics

— Huge coal resources

over 3 bln MT

— Area of ~17,990 hectares

in Tete province

— License is in the Moatize -

Minjova coal basin

Indonesia - Mining Indonesia - ProcurementMozambique – Mine

License

BUSINESS/ ASSETS PROFILE

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PETANGIS & BATUAH MINES

Petangis Batuah

OIL & GAS

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Oil & Gas

E&PEPCOffshore

• Afren EBOK FPU • ONGC - Sagar Samrat • Cambay Basin, India (CB-9 &CB-3 Block)

BUSINESS OVERVIEW

Asset ownership with long term

charter contracts with oil cos

Turnkey projects with oil cos, short

duration and minimum capital

Block ownership with upside of equity barrels

Focus on production and processing units with no cyclicality of offshore assets

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MOPUFSO

FPU – EBOK, NIGERIA

FPU = MOPU + FSO FPU with export tanker

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FPU – KEY HIGHLIGHTS

— Client – Afren Plc (LSE listed Oil & Gas major)

— Location – EBOK (Nigerian offshore waters)

— Employment – 9 years

— Contract value of apprx USD 450 mln

— Commission date – 1st May 2011

— Successful operations till date since commissioning in May 2011

— Stable operations, nearly 100% production efficiency month on month

— Around 21 mln BBLS of oil offloaded since start

— 2nd successive ZERO LTIF operation year

— One of fastest executed project of such nature – first oil in record 15 months (432 days) from award of contract

— Smooth start up and uptime of more than 95% within first two month of operations

— Fast track development from facility design to commissioning on turn-key basis

Indonesia - Mining Operation ProjectContract

FPU Facility design: Oil processing system – 50,000 BOPD and Oil Storage – 1.2 mln barrels

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Original State (MODU) Post Demolition

Post Conversion (MOPU)Docked to WHP

SAGAR SAMRAT PROJECT

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SAGAR SAMRAT–KEY HIGHLIGHTS

— Client – ONGC Ltd (Indian state owned Oil & Gas exploration giant)

— Consortium partner – Gulf Piping Co. UAE

— Contract Award – Nov 2011

— Contract value of apprx USD 180 mln

— EPC contract for conversion of MODU to MOPU

— Surveys, design and engineering, procurement, construction, transportation & jack up, hookup, installation, commissioning, class certification

— Final Location: Mumbai High (offshore west coast of India)

— Overall project is progressing well as per schedule

— Construction work going on in full swing at GPC Abu Dhabi Yard

— Confident to deliver and commission Sagar Samrat on time

Indonesia - Mining Scope StatusContract

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CAMBAY BASIN - EXPLORATION BLOCKS

Onshore Block located in Baruch –Jambushar tectonic block in south

Cambay Basin

Covers an area of apprx 130 Sq Km

CB-9CB-3

Onshore Block located in Mehsana –Ahmedabad tectonic block in north

Cambay Basin

Covers an area of apprx 48 Sq Km

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visit us at www.mercator.in

Mercator Limited, 3rd Floor, Mittal Tower – B Wing, Nariman Point, Mumbai 400 021Tel: +91 22 6637 3333 Fax: +91 22 6637 3344

THANK YOU!!!