Jaya Holdings appoints George Horsington as President, Business Development

Jaya Holdings has appointed George Horsington, a senior executive from the Singapore offshore sector, as the company’s first President for Business Development.

Mr Horsington, 38, is set to join Jaya on September 6, 2012 after more than 10 years in various senior management positions with Swire Pacific Offshore Operations.

The new position is an executive appointment and Mr Horsington will be responsible for all areas of business development including business extension, business expansion and cultivating new business.

 He will also contribute to Jaya’s chartering business, and be the primary marketing resource for its ship-building/ship-repair business.

Venkatraman Sheshashayee, Jaya Holdings Chief Executive Officer, said today: “This newly created post is a pivotal one for Jaya Holdings and we are delighted that George Horsington is joining us.”

“With our new vision and strategic direction in place, we need to develop new markets and businesses and for us to do that successfully, we need a dedicated resource. George Horsington will oversee the development of new business for Jaya on a global basis and we have every confidence he has the track record and experience to be able to deliver that.”

George Horsington added: “I am very pleased to be joining Jaya Holdings and its new management team. I believe Jaya is a company which has exciting ideas and is well positioned to take full advantage of the many opportunities becoming available in the global offshore oil and gas sector.”

“It is my intention to be in a position to identify and then help execute Jaya’s strategy in order to fully exploit those opportunities.”

George Horsington was previously general manager with Swire Pacific Offshore Operations Ltd and its subsidiaries and has been located in Singapore at various times since 2001.

He is a graduate of Cambridge University in the United Kingdom.

ENDS

About Jaya

Jaya Holdings (JAYA:SP) is a leading Offshore Energy Services Group, headquartered in Singapore. The Jaya Group provides a wide range of services and solutions to the offshore oil and gas E&P domain.

Specialised offshore assets are designed and constructed to exacting quality standards and rigorous time schedules in our fully owned facilities in Singapore and Indonesia (Batam). When required, Jaya also outsources construction to reputed builders whose infrastructure and quality standards have been audited comprehensively. Such outsourced construction is closely monitored and supervised by Jaya’s in-house team.

Our fleet of specialised offshore vessels are designed and built to global standards and to be able to operate on a worldwide basis, supporting offshore E&P, marine construction, mining and marine-related activities. Jaya’s fleet is one of the youngest and most diversified in the region. Our QHSSE and Operations teams are superlative and constantly strive to deliver uninterrupted customer satisfaction. Jaya’s current fleet consists of 31 assets.

The Group is led by a strong management team and supported by a dedicated and competent organisation focussed on service excellence and customer delight. Its core group of senior executives each has industry experience of more than 20 years.

For more information about Jaya Holdings, please visit the website at: www.jayaholdings.com

For more information about this press release, please contact:-

Edward Ion / Valerie Lim

PR Consultants to Jaya Holdings

Mob: +65 9111 6871/ +65 9755 3636

Email: edward.ion@helixmedia.asia /

Email: valerie.lim@helixmedia.asia