Ezra Comments on Titan-1 Liftboat Incident

Ezra Holdings Ltd.

Ezra Holdings has referred to its earlier announcement today regarding Titan-1. The Titan-1 is owned by Casadilla Group Pte Ltd, a joint venture between KS Energy Services Limited and Ezra as mentioned in Ezra's SGXNET announcement on August 28, 2006.

Further information released by KS Energy on the Titan-1 can be found in KS Energy's SGXNET announcement No. 00013 on September 18, 2008. Ezra presently does not expect the loss of the Titan-1 to have any material impact on the financial results of the Company for the financial year ending August 31, 2009.