ICON OFFSHORE BERHAD (ICON) AND ICON ORDINARY RIGHTS WITH WARRANTS (ICON-OR) DECLARED AS "DESIGNATED SECURITIES"

Kindly be advised that Bursa Malaysia Securities Berhad (Bursa Securities) has declared the securities of Icon Offshore Berhad ("ICON") and ICON Ordinary Rights With Warrants (“ICON-OR”) as "Designated Securities" with effect from 9.00 am, Tuesday, 28 January 2020 until further notice.

Your attention is drawn to the Press Release dated 24 January 2020 as attached herewith:

PRESS RELEASE

ICON OFFSHORE BERHAD SECURITIES (“ICON”) AND ICON ORDINARY RIGHTS WITH WARRANTS (“ICON-OR”) DECLARED AS “DESIGNATED SECURITIES”

Bursa Malaysia Securities Berhad (“Bursa Securities”) has declared the securities of ICON Offshore Berhad (“ICON”) and ICON Ordinary Rights With Warrants (“ICON-OR”) as “Designated Securities” with effect from 9.00am Tuesday, 28 January 2020 until further notice.

The decision to designate the securities of ICON and ICON-OR is due to excessive speculation observed in the trading of the securities and has been taken in the interest of ensuring a fair and orderly market.  

With the designation, trading in the counters will require payment upfront before buying and a free balance of securities before selling.  

Investors are advised that their investment decisions should be made on an informed basis, including an assessment of the fundamentals of the company.