We refer to the Company’s announcement dated 3 May 2021 in relation to the Company’s application for an extension of time for the submission of a regularisation plan (“Announcement”).

Further to the Announcement, the Board of Directors of Barakah Offshore Petroleum Berhad (“Barakah”), wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has, vide its letter dated 3 June 2021, decided to grant the Company an extension of time of six (6) months up to 17 November 2021 to submit a regularisation plan to the regulatory authorities (“Extension of Time”).

The Extension of Time is without prejudice to Bursa Securities’ right to proceed to suspend the trading of the listed securities of Barakah and to de-list the Company in the event:

(i) the Company fails to submit a regularisation plan to the regulatory authorities on or before 17 November 2021;

(ii) the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or

(iii) the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.

Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of Barakah on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company’s right to appeal against the delisting.

This announcement is dated 4 June 2021.