ANNOUNCEMENTS IN RELATION TO RESTRUCTURING PROCEEDINGS COMMENCED BY EZRA HOLDINGS LIMITED IN THE UNITED STATES
The Board of Directors (the “Board”) of EMAS Offshore Limited (“EOL” or the “Company”, together with its subsidiaries and associated companies, the “Group”) refers to the announcement (“Ezra Chapter 11 Announcement”) released by the Company’s ultimate holding company, Ezra Holdings Limited (“Ezra”, together with its subsidiaries and associated companies, the “Ezra Group”) on 19 March 2017, where Ezra announced that it, together with certain subsidiaries of Ezra, voluntarily filed a petition for reorganisation under Chapter 11 of the United States Bankruptcy Code (“Ezra Chapter 11 Filing”)