Reference is made to the news articles published on The Edge dated 16 September 2024 titled “Barakah close to selling pipe-laying vessel to Indonesian firm”.

The Company wishes to clarify that the Company had received a non-binding offer from an Indonesian firm via a private tender for the disposal of the Kota Laksamana 101 barge (“Proposed Disposal”). The Company wishes to clarify further that discussion between the parties are preliminary and has not been finalised as at the date of this announcement.

The Company will make the requisite announcements and seek the necessary approvals, where required in relation to the Proposed Disposal.

This announcement is dated 18 September 2024.