Reference is made to the Bursa Malaysia Securities Berhad's query letter dated 23 June 2025 (Reference No: IQL-23062025-00001) in respect of the aforesaid matter.

Petron Malaysia Refining & Marketing Bhd ("The Company") furnishes the following additional information for public release:-

1. The date of presentation of the Writ of Summons and Statement of Claim was on 11 June 2025, and the Writ of Summons and Statement of Claim was served on The Company, on 19 June 2025.

2. The circumstances leading to the filing of the Writ of Summons and Statement of Claim against The Company is premised on the Plaintiff's claim of supposed "exclusivity" to provide transportation services to The Company under a contract from 2005 ("Contract") (that then expired in 2013 by effluxion of time); the existence of such "exclusivity" is denied by The Company with the Contract itself containing a non-exclusive clause confirming that no such exclusivity was intended. 

Following the expiry of the Contract, a tender exercise followed, where Plaintiff has also submitted a bid. The Plaintiff's bid failed in accordance with the due process outlined in the selection procedure. The Plaintiff then sued The Company making various allegations and claims and the issue of "exclusivity" was addressed during the First Suit hearing with the High Court agreeing that the Contract was non-exclusive ("First Suit"). The High Court whilst denying the Plaintiff's case substantially, ruled that The Company was liable for some invoices. However on appeal by both the Plaintiff and The Company, the Court of Appeal ruled in The Company's favour on 10 December 2015. The Plaintiff's application for leave to appeal and its review application to the Federal Court in 2016 were dismissed with cost. The Plaintiff then filed an application to amend the Order of the Court of Appeal dated 10 December 2015 which application was dismissed. The Plaintiff pursued the matter further by filing an application for leave at the Federal Court which application was dismissed with cost.

Following this the Plaintiff filed another suit against The Company in 2018 ("Second Suit") in respect of the same Contract and same set of facts as the First Suit above. The High Court, on The Company's application, granted an order to strike out the said Second Suit with cost. An appeal was lodged by the Plaintiff to the Court of Appeal, which appeal was again dismissed with cost.

This new suit (the Plaintiff's third attempt) ("Third Suit") now claims "exclusivity" in relation to the same Contract that expired in 2013, (and supposed losses suffered therefrom), premising this new Third Suit on an alleged "negligent misrepresentation"; that again is denied by The Company.

3. Considering the backgound information including Court decisions in regard both previous law suits by the Plaintiff against The Company which were dismissed, the claim of the alleged "negligent misrepresentation" and lack of factual/legal basis for the claim, The Company will vigorously defend the Third Suit and as such does not expect or anticipate any significant losses to its finances or operations as a result of this Third Suit.

This announcement is dated 23 June 2025.