ANNOUNCEMENT RELATING TO PERISAI PRODUCTION HOLDINGS SDN. BHD.
The Board of Directors (the “Board”) of EMAS Offshore Limited (the “Company” and together with its subsidiaries, the “Group”) refers to the announcement released by Perisai Petroleum Teknologi Berhad (“PPTB”), which the Company owns an equity stake of 11.5%, on 15 January 2018 on Bursa Malaysia (“Perisai Announcement”). The Perisai Announcement is available at Appendix 1 of this announcement. The Perisai Announcement refers to a notice dated 15 January 2018 from a wholly-owned subsidiary of PPTB, Perisai Production Holdings Sdn. Bdn. (“PPHSB”), of an alleged termination event enabling