AWARD OF CONTRACTS AND SALE OF VESSELS

We refer to Bursa Securities’ query letter dated 28 October 2022 ("Query Letter") and the Company’s announcement in reply to the Query Letter dated 31 October 2022, pertaining to the aforesaid matter.

Kindly furnish Bursa Securities with the following information which has not been fully addressed by the Company as per the Query Letter, for public release:-

1. To provide the name of each of the oil majors that have awarded the long-term charters to SEALINK.

2. To state the commencement date, expiry date (including the terms of extension) and contract value for each of the long-term charters.

3. To provide the date of each of the Memorandum of Agreements.

4. To provide the particulars of each of the 3 vessels which were disposed of as follows:

     (i) Name of vessel;

     (ii) Tonnage; and

     (iii) Audited net book value as at 31 December 2021.

5.  To provide the name of the purchaser of the 3 vessels including the names of its directors and substantial shareholders together with their respective direct and/or indirect shareholdings, if the purchaser is a corporation.

6.     To incorporate the detailed breakdown of the quantum of each of the component (i.e. existing loans, borrowing and operating expenses) (including the timeframe) on the utilisation of proceeds from the disposal of the 3 vessels.

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

Yours faithfully

Listing

Regulation

Cc : Market Surveillance Dept., Securities Commission (via email)