OUTCOME OF APPLICATION BY THE JUDICIAL MANAGERS OF EMAS OFFSHORE LIMITED FOR AN EXTENSION
The Board of Directors (the “Board”) of EMAS Offshore Limited (the “Company”) refers to its announcement dated 20 December 2019 (“Announcement”). Unless otherwise defined, all definitions used herein bear the same meaning ascribed to them in the Announcement. The Company wishes to announce that the Court has, on 10 January 2020, granted the Judicial Managers’ Extension Application and accordingly: 1. the validity of the judicial management order granted in HC/ORC 7093/2019 has been extended for a period of 6 months from 20 April 2020 until 20 October 2020; and 2. the