PERDANA-WA - NOTICE OF BONUS ENTITLEMENT

LISTING'S CIRCULAR NO. L/Q : 69247 OF 2013

Adjustments to the number of outstanding Warrants in Perdana Petroleum Berhad (“PPB”) and the exercise price for the Warrants in accordance with the provisions of the Deed Poll constituting the Warrants 2010/2015 (“Warrants”) dated 15 September 2010 consequential to a bonus issue of up to 222.6 million new ordinary shares of RM0.50 each in PPB (“PPB Shares”) (“Bonus Shares”), to be credited as fully paid-up, on the basis of two (2) Bonus Shares for every five (5) existing PPB Shares held by shareholders of PPB whose names appear on PPB’s Record of Depositors (“Entitled Shareholders”) as at 5.00 p.m. on 5 December 2013 (“Entitlement Date”).

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex – Adjustment" ]
as from : [ 3 December 2013 ]

2) The last date of lodgement : [ 5 December 2013 ]

3) Retention Money : Where securities are not delivered in time for registration by the seller, then the brokers concerned :-

a) Selling Broker to deduct [ 2/7 ] , of the Selling Price against the Selling Client.

b) Buying Broker to deduct [ 28.57% ] of the Purchase Price against the Buying Client.

c) Between Broker and Broker, the deduction of [ 2/7] of the Transacted Price is applicable.

Remarks 1) :- "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place on 6 December 2013 with adjustment to the number of outstanding PERDANA-WA shares, any shareholder who is entitled to receive PERDANA-WA additional shares may now sell any or all of his PERDANA-WA shares arising from adjustment consequential to the bonus issue beginning the Ex-Date ( 3 December 2013).

For example, if Mr X purchases 500 PERDANA-WA shares on cum basis on 2 December 2013, Mr X should receive 500 shares on 5 December 2013. Consequential to a bonus issue, a total of 700 PERDANA-WA shares will be credited into Mr X's CDS account on the night of 5 December 2013 being the Book Closing Date. Therefore, Mr X can sell the PERDANA-WA shares of 700 on or after the Ex-Date ie from 3 December 2013 onwards."

Remarks 2) :- Holders of PPB’s Warrants (“Warrant Holders”) who wish to be entitled to the Bonus Shares should exercise their rights to subscribe for new PPB Shares by lodging their duly completed exercise forms together with the relevant subscription monies with PPB’s Share Registrar (at the address stated above) on or before 5.00 p.m. on 25 November 2013. This is to enable the new PPB Shares arising from such exercise to be allotted to the respective Warrant Holders such that their names will appear on the Record of Depositors for PPB Shares at 5.00 p.m. on the Entitlement Date.

The adjustments to the exercise price of outstanding Warrants and number of Warrants as a consequence of the Proposed Bonus Issue will be effective from the commencement of the next day following the Entitlement Date in accordance with the provisions of the Deed Poll constituting the Warrants dated 15 September 2010 (“Adjustment”). A notification to the Warrant Holders setting out the details of the Adjustment will be despatched in due course.