EXTENSION OF THE PUT OPTION WITH RESPECT TO 51.0% OF SHARES IN SJR MARINE (L) LTD
1.INTRODUCTION The Board of Directors (the “Board”) of EMAS Offshore Limited (the “Company”) wishes to refer to the announcements released by the Company dated 4 October 2016, 11 October 2016, 13 October 2016, 19 October 2016, 28 October 2016, 18 November 2016 and 26 November 2016 in relation to, among others, the acquisition of shares in SJR Marine (L) Ltd (“SJR”) from Perisai Petroleum Teknologi Berhad (“PPTB”, and the acquisition of shares in SJR, the “Initial Acquisition”). In connection with the Initial Acquisition, PPTB was granted an option to sell to the Company (the “Put