ANNOUNCEMENT IN RELATION TO SETTLEMENT AGREEMENT WITH PERISAI PETROLEUM TEKNOLOGI BHD
The Board of Directors (the “Board”) of EMAS Offshore Limited (the “Company” and together with its subsidiaries, the “Group”) wishes to refer to the (a) announcement released by the Company dated 23 December 2016 in relation to the Company’s entry into a settlement agreement (the “Settlement Agreement”) with Perisai Petroleum Teknologi Bhd (“PPTB”), as well as the (b) announcements released by the Company dated 21 April 2017 and 24 May 2017, in relation to the extension of the long stop period as set out in the Settlement Agreement. The Board wishes to also refer to the announcement