ANNOUNCEMENT RELATING TO PERISAI PETROLEUM TEKNOLOGI BERHAD
The Board of Directors (the “Board”) of EMAS Offshore Limited (the “Company”, together with its subsidiaries, the “Group”) wishes to announce that the Company had on 17 November 2016 obtained a letter dated 10 November 2016 that was issued by Corporate Debt Restructuring Committee (“CDRC”, and the letter from CDRC, the “CDRC Letter”). Based on its website, CDRC “is a pre-emptive measure by the Malaysian Government to provide a platform for corporate borrowers and their creditors to work out feasible debt resolutions without having to resort to legal proceedings. This initiative has been put