INTRODUCTION

The Board of Directors (“the Board”) of KKB Engineering Berhad (“KKB” or “the Company”) is pleased to announce that its subsidiary, OceanMight Sdn. Bhd., has received a Letter of Award from PETRONAS Carigali Sdn. Bhd. for Provision of Minor Engineering, Procurement and Construction (ePC) of Fixed Offshore Structure and Host Tie-In at Erb West for Belud South Greenfield Development (GFD) Project (“Contract”).

A formal agreement for the said Contract will be executed in due course.

The Contract Sum is approximately RM212 million (Ringgit Malaysia Two Hundred and Twelve Million Only).

DURATION OF CONTRACT

The Contract is expected to complete within 13 months from 15 January 2026.                                

FINANCIAL EFFECTS

The Contract will have no effect on Share Capital of the Company and is expected to contribute positively towards the earnings and net assets of the Company and Group for the duration of the Contract.

RISK FACTORS

Risk factors affecting the Contract include execution risks such as availability of skilled manpower and materials, forex and changes in pricing, weather conditions and/or political, economic and regulatory conditions.

DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS

None of the Directors and/or major shareholders and/or person connected with them has any interest, direct or indirect in the abovementioned Contract.

DIRECTORS’ STATEMENT

The Board is of the opinion that the abovementioned Contract is in the best interest of KKB and its Group.

This Announcement is dated 9 January 2026.