Further to the announcement dated 1 March 2018, whereby Marine & General Berhad ("M&G'' or “the Group'') had announced that its wholly-owned subsidiary Jasa Merin (Labuan) PLC ("JML") has entered into a Subscription Agreement with TKH Marine (L) Ltd (“TKH Marine”) and Teng Keng Han (“TKH”) for JML to initially subscribe 277,000 shares representing a 50% equity interest in TKH Marine for a cash consideration of USD 277,000, the Board of Directors of the Company is pleased to announce that JML had subscribed to additional shares in TKH Marine for a total cash consideration of USD 1,468,100 (“the Subscription”).

Please refer to the attachement for details of the announcement.

This announcement is dated 21 August 2018.