Date : 17 September 2013

OTHERS UMW HOLDINGS BERHAD (“UMWH”) PROPOSED LISTING OF UMW OIL & GAS CORPORATION BERHAD (“UMW-OG” OR “COMPANY”), A WHOLLY-OWNED SUBSIDIARY OF UMWH, ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“PROPOSED LISTING”)

UMW HOLDINGS BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionUMW HOLDINGS BERHAD (“UMWH”)

PROPOSED LISTING OF UMW OIL & GAS CORPORATION BERHAD (“UMW-OG” OR “COMPANY”), A WHOLLY-OWNED SUBSIDIARY OF UMWH, ON THE MAIN MARKET OF BURSA MALAYSIA SECURITIES BERHAD (“PROPOSED LISTING”)

These materials are not an offer for sale of the securities of UMW Oil & Gas Corporation Berhad in the United States of America (“United States”). The securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended (“U.S. Securities Act”). UMW Oil & Gas Corporation Berhad does not intend to register any portion of the offering in the United States or to conduct a public offering of its securities in the United States.

(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, 5 July 2013, 10 July 2013, 15 July 2013, 30 July 2013, 1 August 2013, 20 August 2013, 11 September 2013 and 17 September 2013 (“Announcements”) in relation to the Proposed Listing.)

We refer to the above Announcements.  On behalf of UMWH, Maybank IB and CIMB are pleased to advise that the announcement in relation to the entitlement date for the Allocation to Entitled Shareholders of UMWH, has been made today.

The Board of UMWH wishes to remind shareholders to ensure that their personal information in respect of their CDS accounts are updated accordingly. This is important as the application forms in relation to the Allocation to Entitled Shareholders of UMWH together with the Prospectuses of UMW-OG, will be distributed to all Entitled Shareholders of UMWH in CD-ROM format (contents of which will be in printable format).  Nonetheless, the Entitled Shareholders of UMWH will have the option to request for a printed copy of the Prospectus to be delivered to them, or to obtain the printed Prospectus from the designated locations disclosed in the Prospectus. In addition, the Entitled Shareholders of UMWH who have access to the Internet will be able to download the Prospectus from Bursa Securities’ website from the first day of the launch of the Prospectus.

In addition to the above, we wish to inform that Petrovietnam Drilling and Well Services Corporation had issued a Letter of Award on 30 August 2013 (“LOA”) to UMW Standard Drilling Sdn Bhd, a wholly-owned subsidiary of the UMW-OG Group, as a sub-contractor, to provide one of UMW-OG’s jack up drilling rigs, NAGA 3, for use by Japan Vietnam Petroleum Company (“JVPC”). NAGA 3 will drill two wells, with an option to drill additional two wells, offshore Vietnam, commencing after the completion of the current contract with PETRONAS Carigali Sdn Bhd (“PCSB”). The contract value for the first two firm wells is estimated to be approximately USD24 million.  NAGA 3 is expected to be mobilised for work on the JVPC contract in the first half of 2014.  Prior to the completion of its current contract with PCSB and before the commencement of the provision of its services to JVPC, NAGA 3 will undergo unscheduled repair work on a few of its ballast tanks in November 2013 for approximately three weeks. These repairs and their associated costs are not expected to have any impact on NAGA 3’s contractual obligations under its contract with PCSB and are also not expected to have a material impact on the financial performance of the UMW-OG Group for the financial year ending 31 December 2013.

This announcement is dated 17 September 2013.



Announcement Info

Company NameUMW HOLDINGS BERHAD  
Stock Name UMW    
Date Announced17 Sept 2013  
CategoryGeneral Announcement
Reference NoMI-130917-68631
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