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 and 1 August 2013 (“Announcements”) in relation to the Proposed Listing.)

We refer to the Announcements in relation to the Proposed Listing of UMW Oil & Gas Corporation Berhad (“UMW-OG”).  UMW-OG and its group of companies (“UMW-OG Group”) is a Malaysia-based multinational provider of drilling and oilfield services for the upstream sector of the oil and gas industry.

On behalf of UMWH, Maybank IB and CIMB wish to announce that the Board of Directors of UMWH has made a strategic decision to retain UMW Synergistic Generation Sdn Bhd and its two subsidiaries (“USG Group”) under the UMWH Group and to continue nurturing this entity in tandem with its objective to maximise the creation of value for all its stakeholders. 

The USG Group is principally involved in the provision of engineering and maintenance services as a customised equipment packager and a total solutions provider for equipment used in a number of industries, including the oil and gas, telecommunications, public utility, government services and marine markets. With the retention of the USG Group under the UMWH Group, the UMW-OG Group will continue to be more focused on the offshore oil and gas sector through its offshore drilling business together with its related oil and gas business.

The variation to the Proposed Internal Reorganisation will not have any effect on UMWH’s issued and paid-up share capital and substantial shareholders’ shareholdings. The variation to the Proposed Internal Reorganisation is also not expected to have a material effect on UMWH Group’s earnings and net assets for the financial year ending 31 December 2013.

None of the directors and major shareholders of UMWH and persons connected to them have any interest, directly or indirectly, in the Proposed Internal Reorganisation.

The exclusion of the USG Group from the UMW-OG Group is not expected to have any material effect on the UMW-OG Group.  Accordingly, the variation will not have any effect on the scheme for the Proposed Listing.  Notwithstanding the above, the Proposed Listing is on track and barring any unforeseen circumstances, it is expected to be completed by the fourth quarter of 2013.

This announcement is dated 20 August 2013.