The Board of Directors of the Company wishes to announce that on 30 September 2022 the Company has filed a Writ of Summons and Statement of Claim in the High Court of Malaya at Kuala Lumpur against Petroliam Nasional Berhad (PETRONAS), Tan Sri Wan Zulkiflee Bin Wan Arifin, Datuk Tengku Muhammad Taufik Bin Tengku Kamadjaya Aziz, Tuan Haji Shamsudin Bin Miskon, Nasrin Bin Amir, Noor Mohamad Bin Taj, Freida Binti Amat, Liza Binti Mustapha and Shaliza Binti Abdul Malik ("the Defendants").

The action is commenced for misfeasance in public office and unlawful interference in trade or business by reason of the Defendants’ wrongful issue and maintenance of an indefinite Suspension Notice issued by the 1st Defendant Petroliam Nasional Berhad (PETRONAS) on 8 July 2019 against the Company’s wholly-owned subsidiary, PBJV Group Sdn Bhd ("PBJV").

The case against the other Defendants is that they are public officers carrying out duties and responsibilities in the 1st Defendant which is a statutory corporation and they authorised, directed and/or endorsed the issuance and the continued maintenance of the Suspension Notice.

The Company seeks a mandatory injunction for the Suspension Notice to be lifted, damages for misfeasance in public office, damages for unlawful interference in trade or business, together with interest, costs and such other relief that the Honourable Court may grant.

The Company and PBJV have, when the Writ and Statement of Claim above was filed, withdrawn their Notice of Appeal in the Court of Appeal filed on 8 April 2022 against the dismissal of the claim which they had both previously filed in Kuala Lumpur High Court Civil Suit No. WA-22C-77-09/2019 against Petronas Carigali Sdn Bhd and Petroliam Nasional Berhad (PETRONAS).

The Company will make further announcements on any material development in the above action as and when necessary.

This announcement is dated 30 September 2022.