On 14 October 2019, ENRA had announced the proposed acquisition of the vessel, M.T. Maersk Edgar (“Vessel”), by ENRA SPM Labuan Limited (“ESPML”) in line with the Group’s strategy to expand its offshore services and enhance its capabilities in offshore oil and gas operations.

Pursuant to Paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, ENRA wishes to announce that ESPML, a wholly-owned subsidiary of ENRA SPM Sdn Bhd (“ESPM”) which in turn is a 60% owned subsidiary of ENRA, has, via a Letter of Award dated 11 December 2019, awarded the modification works on the Vessel (“Contract”) to SPM Terminals Pty Ltd (“SPMT”), a related party, for a total contract value of USD1,821,450 (equivalent to RM7,588,161).

Kindly refer to the attachment for further information.

This announcement is dated 11 December 2019.