ANNOUNCEMENT IN RELATION TO SETTLEMENT AGREEMENT WITH PERISAI PETROLEUM TEKNOLOGI BHD
The Board of Directors (the “Board”) of Emas Offshore Limited (the “Company”, together with its subsidiaries and associated companies) refers to its announcement made on 23 December 2016 (“23 December Announcement”) in relation to the Company’s entry into a settlement agreement (“Settlement Agreement”) with Perisai Petroleum Teknologi Bhd (“PPTB”) and the announcements made on 21 April 2017, 24 May 2017 and 20 August 2017 (“Previous Announcements”). All capitalised terms not defined shall have the same meaning as set out in the 23 December Announcement. Further to the Previous