INTRODUCTION

The Board of Directors of Perdana Petroleum Berhad (“PPB” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Perdana Nautika Sdn Bhd (“PNSB”) has received two letters of award (“Contracts”) from Dialog Resources Sdn Bhd (the “Charterer”) on 18 November 2025 for the provision of two (2) units of AHTS vessels (“Vessels”).

DETAILS OF THE CONTRACTS

The estimated charter periods for these Contracts are for one hundred and fifty - three (153) days, commencing tentatively from 1 April 2026 or upon handover from 1st charterer, SK Earthon Co. Ltd., of the Joint-tender arrangement and expiring on 30 August 2026, unless earlier terminated in accordance with the terms of the Contracts. The estimated contract value cannot be determined at this time, as it will vary based on the work orders issued by Charterer throughout the duration of the Contracts.

PNSB shall provide the Vessels with crew and equipment to perform a continuous twenty-four (24) hours service for the purpose of assisting and/or servicing drilling rigs, offshore installations, derrick barges, towing and anchor job.

FINANCIAL EFFECTS

The Contracts are expected to contribute positively to the earnings and net assets of PPB Group for the financial year ending 31 December 2026 (without the extension period).

The Contracts will not have any effect on the share capital and shareholding structure of PPB.

RISK FACTORS

The risks associated with the Contracts are normal operational risks which can be mitigated through PPB Group's system of project management and internal business controls.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders or persons connected to them have any direct or indirect interest in the Charterer and/or the Contracts.

DIRECTORS' STATEMENT

The Board of Directors of PPB is of the opinion that the acceptance and execution of the Contracts is in the best interest of PPB.

The Contracts are not subject to the approval of the shareholders of the Company or any regulatory authorities. However, the approval of the Charterer to release this announcement is required and the Company has on 19 December 2025 obtained the Charterer’s approval to release the same.

This announcement is dated 19 December 2025.