The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") wishes to announce that Messrs. Al Jafree Salihin Kuzaimi PLT (“Salihin”) had on 11 March 2022 (“Notice Date”), given notice in writing to the Board of their intention to voluntarily resign as Auditors of the Company. Pursuant to Section 281 (2) of the Companies Act 2016 ("CA 2016"), Salihin’s term of office will end after twenty-one (21) days from 11 March 2022.

ALAM is in the midst of identifying new Auditors to be engaged pursuant to Section 271(2)(b) of the CA 2016 subject to the following :-

(a) The end of the resigning Auditors’ term of office, which will be twenty-one (21) days from 11 March 2022 under Section 281(2) of the CA 2016; and

(b) ALAM receiving the letter of consent from new Auditors to act as Auditors of the Company.

Further announcement on the engagement of a new Auditors will be made by the Company in due course once the appointment of the new Auditors is finalized.

This announcement is dated 16 March 2022.