This announcement relates to the material development with regard to the Company’s previous announcement dated 30 September 2022 on the legal action via Writ of Summons and Statement of Claim in the High Court of Malaya at Kuala Lumpur bearing Suit No. WA-22NCvC-543-09/2022 filed 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 Company wishes to announce that the Company has decided to discontinue its legal action against all the Defendants in the said Kuala Lumpur High Court Civil Suit No. WA-22NCvC-543-09/2022.

The said case of Kuala Lumpur High Court Civil Suit against all the Defendants has been discontinued / withdrawn with immediate effect.

Financial and Operational Impact on the Company

The financial impact on the withdrawal / discontinuance of the said Civil Suit is confined only to the legal costs. There is no potential liability and operational impact on the Company.

This announcement is dated 8 May 2023.