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Wednesday, October 26, 2016

Nautilus Marine Extends Acquisition Tender Offer

January 22, 2013

Nautilus Marine Acquisition Corp. extends its tender offer for Assetplus Ltd. until end of January 2013.

The completion of the tender offer is a condition to Nautilus' previously announced acquisition of Assetplus Limited. The extension is being made to comply with the rules and procedure requirements of the Securities Exchange Commission. Except for such extension, all of the terms and conditions set forth in the tender offer materials filed with the U.S. Securities and Exchange Commission on December 7, 2012, as amended, remain unchanged.

Shareholders who support the Company's business transaction with Assetplus should not tender their common shares in the tender offer, and if they have previously done so, should withdraw such tendered shares prior to 5:00 p.m., New York City time, on January 31, 2013. Tenders of Nautilus' common shares must be made prior to the expiration of the tender offer and may be withdrawn at any time prior to the expiration of the tender offer in accordance with the procedures described in the previously provided tender offer materials.

The tender offer is subject to conditions and other terms set forth in the Offer to Purchase, dated December 7, 2012, and other tender offer materials (as they may be amended or supplemented) that have been distributed to Nautilus' shareholders. In particular, the tender offer is conditioned on, among other things, that the business transaction with Assetplus, in Nautilus' reasonable judgment, is capable of being consummated contemporaneously with the tender offer.

The last reported trading price of Nautilus' common shares on the Nasdaq Capital Market as of January 22, 2013 was $10.10 per share. As of January 22, 2013, 2,966,323 common shares have been validly tendered and not properly withdrawn.


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