Further to the announcement dated 4 October 2017, Marine & General Berhad (“M&G”) would like to clarify that Jasa Merin (Malaysia) Sdn Bhd (“JMM”) received a conditional Letter of Award ("LOA") from Repsol Oil & Gas Malaysia Limited (“Repsol”) for the provision of two (2) Anchor Handling Tug Supply Vessels (“AHTSVs”) on 4 August 2017. The actual confirmation of the award was only finalised on 18 August 2017 and 23 August 2017 respectively, and consent for disclosure was only obtained on 3 October 2017.

The commencement dates of the two (2) units of AHTSVs were 18 August 2017 and 23 August 2017 respectively. The contract is renewable for another one (1) year upon its expiry for both vessels.

This announcement is dated 9 October 2017.