We refer to the above article appearing in The Edge Malaysia Page 21 - Monday, 12 August 2019 in particular pertaining to the sentences which are reproduced as follows:

" Petroliam Nasional Bhd (Petronas) is understood to have aborted the award of a multibillion-ringgit integrated hook-up and commissioning (IHUC) contract.............."

"It is learnt that the incumbents undertaking the contract - ........................Dayang Enterprise Holdings Bhd, among others - could be given an extension of up to a year on their existing contracts as a result of the cancellation."

" We now hear the existing players, whose contracts were extended last year, have got another extension."

The Company wish to clarify that the extension for the previously announced 5-year contract for Pan HUC PMO (Peninsular Malaysia Operations) for year 2013 to  2018 was extended for a further 1 year period from June 2018 to May 2019. At the moment, the Company is not aware of any further extension.

The announcement is dated 13 August 2019.