INTRODUCTION

The Board of Directors of Perdana Petroleum Berhad (“PPB” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Perdana Nautika Sdn Bhd (“PNSB”) had on 19 May 2025 accepted a work order award (“WOA” or “Contract”) issued by a Petroleum Arrangement Contractor (“PAC”) for the
provision of one (1) unit Anchor Handling Tug and Supply vessel (“Vessel”).

DETAILS OF THE CONTRACT

The Contract, which will commence on the Vessel’s on-hire certificate date (“Commencement Date”) is for a duration of 120 days with an option to extend for another 100 days (“Charter Period”). The estimated contract value shall be in accordance with the WOA issued. In view of the confidentiality and privacy clauses of the Contract, the name of the PAC is not disclosed.

PNSB shall provide the Vessel with crew and equipment to perform a continuous twenty-four (24) hour service for the purpose of assisting and/or servicing drilling rigs, offshore installations, derrick barges, towing and anchor jobs.

FINANCIAL EFFECTS

The WOA is expected to contribute positively to the earnings and net assets of PPB group for the financial year ending 31 December 2025 (excluding any extension period).

The WOA will not have any effect on the share capital and shareholding structure of PPB.

RISK FACTORS

The risks associated with the Contract are normal operational risks which can be mitigated through PPB Group's system of project management and internal business controls.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders or persons connected to them has any direct or indirect interest in the Contract.

DIRECTORS' STATEMENT

The Board of Directors of PPB is of the opinion that the acceptance and execution of the WOA is in the best interest of PPB.

The WOA is not subject to the approval of the shareholders of the Company or any regulatory authorities. However, the approval of the PAC to release this announcement is required and the Company has on 1 July 2025 obtained the Charterer’s approval to release the same.

This announcement is dated 1 July 2025.