(Unless stated otherwise, all expressions used in this announcement shall carry the same meanings as defined in the announcements dated 16 May 2013, 20 May 2013, 21 May 2013, 4 June 2013, 10 June 2013 and 5 July 2013 in relation to the Proposed Listing.)

We refer to the announcements dated 16 May 2013, 20 May 2013, 21 May 2013, 4 June 2013, 10 June 2013 and 5 July 2013.

On behalf of UMWH, Maybank IB and CIMB are pleased to announce that the SC has, vide its letter dated 9 July 2013, approved the Proposed Listing pursuant to Subsection 214(1) of the Capital Markets and Services Act 2007, subject to the following conditions:

(i)             UMW-OG to appoint an additional independent director prior to registration of the prospectus;

(ii)            In respect of the UMW Oilfield Services (Tianjin) Co, Limited (“UOS-TJ”)’s properties at no. 101, Central South Fourth Street, TEDA West Zone, 300462 Tianjin, People’s Republic of China:

(a)           UMW-OG is to provide an undertaking that UOS-TJ will obtain approval for the inclusion of UOS-TJ’s ownership on the buildings and the details of the buildings in the property ownership land use right certificate;

(b)           Maybank IB / CIMB / UMW-OG are to make quarterly announcements on the status of the said approval to Bursa Securities; and

(c)           Maybank IB / CIMB / UMW-OG are to update the SC when such announcements are made;

(iii)           UMW-OG to allocate at least 12.5% of its enlarged issued and paid-up share capital to Bumiputera investors at the point of listing. This includes the shares offered under the balloted public offer portion, of which 50% are to be offered to Bumiputera investors; and

(iv)          Maybank IB, CIMB and UMW-OG to fully comply with the relevant requirements under the Equity Guidelines and Prospectus Guidelines – Equity pertaining to the implementation of the proposal.

The SC has also vide the abovementioned letter, approved the equity requirement for public companies application and granted its approval-in-principle for the registration of UMW-OG’s prospectus.

This announcement is dated 10 July 2013.