Company announcements: CSCSTEL, AIRASIA, ATRIUM, PENERGY

CSCSTEL - TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS):NON RELATED PARTY TRANSACTIONS

Announcement Type: General Announcement

Company Name	CSC STEEL HOLDINGS BERHAD
Stock Name	CSCSTEL
Date Announced	9 Nov 2012
Category	General Announcement
Reference No	CM-121108-36793

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	EXECUTION OF SHARE SALE AND PURCHASE AGREEMENT AND SHAREHOLDERS' AGREEMENT IN ESCROW BY CSC STEEL HOLDINGS BERHAD (“CHB”) IN RESPECT OF PURCHASE OF 8,000,000 ORDINARY SHARES OF RM1.00 EACH REPRESENTING 20% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF TATT GIAP STEEL CENTRE SDN. BHD. FROM TATT GIAP GROUP BERHAD
Please refer to the attached file for details of the announcement. This announcement is dated 9 November 2012.

Attachments CHB - Tatt Giap Announcement attachment.pdf 112 KB

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CSCSTEL - Quarterly rpt on consolidated results for the financial period ended 30/9/2012

Announcement Type: Financial Results

Company Name	CSC STEEL HOLDINGS BERHAD
Stock Name	CSCSTEL
Date Announced	9 Nov 2012
Category	Financial Results
Reference No	CM-121108-35334

Financial Year End	31/12/2012
Quarter	3
Quarterly report for the financial period ended	30/09/2012
The figures	have not been audited

Attachments CSC-3Q2012Group.xlsx 43 KB CSC-3Q2012Notes.docx 107 KB

Remarks :

• Default Currency
• Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2012	30/09/2011	30/09/2012	30/09/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	306,610	320,610	857,419	929,298
2	Profit/(loss) before tax	7,984	-1,978	30,120	38,215
3	Profit/(loss) for the period	6,152	1,223	22,385	31,613
4	Profit/(loss) attributable to ordinary equity holders of the parent	6,152	1,223	22,385	31,613
5	Basic earnings/(loss) per share (Subunit)	1.65	0.33	6.00	8.47
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.0600		2.0700

Remarks :

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country	Base Unit	Subunit
Malaysia	Ringgit	Sen
United States	Dollar	Cent
United Kingdom	Pound	Pence

Currency:

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		$$'000	$$'000	$$'000	$$'000
1	Revenue
2	Profit/(loss) before tax
3	Profit/(loss) for the period
4	Profit/(loss) attributable to ordinary equity holders of the parent
5	Basic earnings/(loss) per share (Subunit)
6	Proposed/Declared dividend per share (Subunit)
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)

Remarks :

Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country	Base Unit	Subunit
Malaysia	Ringgit	Sen
United States	Dollar	Cent
United Kingdom	Pound	Pence

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AIRASIA - Changes in Sub. S-hldr's Int. (29B) - Dato' Kamarudin Bin Meranun

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	AIRASIA BERHAD
Stock Name	AIRASIA
Date Announced	9 Nov 2012
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CM-121109-F2D63

Particulars of substantial Securities Holder

Name	Dato' Kamarudin Bin Meranun
Address	27 Jalan Setiabakti 6 Bukit Damansara 50490 Kuala Lumpur Wilayah Persekutuan
NRIC/Passport No/Company No.	610608-10-6443
Nationality/Country of incorporation	Malaysian
Descriptions (Class & nominal value)	Ordinary shares of RM0.10 each
Name & address of registered holder	Direct:- 1) Dato’ Kamarudin Bin Meranun – 2,292,900 Indirect:- 1) Tune Air Sdn Bhd – 210,358,930 2) ECML Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Tune Air Sdn Bhd (001) – 89,649,452 3) HSBC Nominees (Tempatan) Sdn Bhd - Credit Suisse HK for Tune Air Sdn Bhd - 188,000,000 4) Maybank Nominees (Tempatan) Sdn Bhd - Kuwait Finance House (Malaysia) Berhad for Tune Air Sdn Bhd (Tony Fernandes) - 35,100,000 5) Citigroup Nominees (Tempatan) Sdn Bhd – Pledged Securities Account – Bank Julius Baer & Co Ltd for Tune Air Sdn Bhd (CB SG)– 31,500,000 6) Citigroup Nominees (Tempatan) Sdn Bhd – Bank Julius Baer & Co Ltd for Tune Air Sdn Bhd (CBSG)– 18,000,000 7) Cimsec Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Tune Air Sdn Bhd (EDG&GCM) - 68,000,000 8) Tune Group Sdn Bhd - 39,500,000

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	08/11/2012	1,100,000

Circumstances by reason of which change has occurred	Acquisition of shares
Nature of interest	Direct and Indirect
Direct (units)	2,292,900
Direct (%)	0.08
Indirect/deemed interest (units)	680,108,382
Indirect/deemed interest (%)	24.47
Total no of securities after change	682,401,282
Date of notice	09/11/2012

Remarks :

This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder from Dato' Kamarudin Bin Meranun dated 9 November 2012 received by the registered office of AirAsia Berhad on 9 November 2012.

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AIRASIA - Changes in Director's Interest (S135) - Dato' Kamarudin Bin Meranun

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965

Company Name	AIRASIA BERHAD
Stock Name	AIRASIA
Date Announced	9 Nov 2012
Category	Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference No	CM-121109-F2D53

Information Compiled By KLSE

Particulars of Director

Name	Dato' Kamarudin Bin Meranun
Address	27 Jalan Setiabakti 6 Bukit Damansara 50490 Kuala Lumpur Wilayah Persekutuan
Descriptions(Class & nominal value)	Ordinary shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	08/11/2012	1,100,000	2.945

Circumstances by reason of which change has occurred	Acquisition of shares
Nature of interest	Direct and Indirect
Consideration (if any)

Total no of securities after change
Direct (units)	2,292,900
Direct (%)	0.08
Indirect/deemed interest (units)	680,108,382
Indirect/deemed interest (%)	24.47
Date of notice	09/11/2012

Remarks :

Direct:- 1) Dato’ Kamarudin Bin Meranun – 2,292,900 Indirect:- 1) Tune Air Sdn Bhd – 210,358,930 2) ECML Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Tune Air Sdn Bhd (001) – 89,649,452 3) HSBC Nominees (Tempatan) Sdn Bhd - Credit Suisse HK for Tune Air Sdn Bhd - 188,000,000 4) Maybank Nominees (Tempatan) Sdn Bhd - Kuwait Finance House (Malaysia) Berhad for Tune Air Sdn Bhd (Tony Fernandes) - 35,100,000 5) Citigroup Nominees (Tempatan) Sdn Bhd – Pledged Securities Account – Bank Julius Baer & Co Ltd for Tune Air Sdn Bhd (CB SG)– 31,500,000 6) Citigroup Nominees (Tempatan) Sdn Bhd – Bank Julius Baer & Co Ltd for Tune Air Sdn Bhd (CBSG)– 18,000,000 7) Cimsec Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Tune Air Sdn Bhd (EDG&GCM) - 68,000,000 8) Tune Group Sdn Bhd - 39,500,000 The 1,100,000 acquired shares is equivalent to 0.04% of all issued securities of AirAsia Berhad. This announcement is made pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and based on the information in the Notice of Disclosure pursuant to Section 135(1)(a) and (b) of the Companies Act, 1965 of Dato' Kamarudin Bin Meranun received by the registered office of AirAsia Berhad on 9 November 2012.

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AIRASIA - Changes in Sub. S-hldr's Int. (29B) - Tan Sri Dr. Anthony Francis Fernandes

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965

Company Name	AIRASIA BERHAD
Stock Name	AIRASIA
Date Announced	9 Nov 2012
Category	Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No	CM-121109-F2D70

Particulars of substantial Securities Holder

Name	Tan Sri Dr. Anthony Francis Fernandes
Address	37-2, Bangsar Heights Jalan Kaloi Off Jalan Kurau 59100 Kuala Lumpur Wilayah Persekutuan
NRIC/Passport No/Company No.	640430-10-7525
Nationality/Country of incorporation	Malaysian
Descriptions (Class & nominal value)	Ordinary shares of RM0.10 each
Name & address of registered holder	Direct:- 1) Tan Sri Dr. Anthony Francis Fernandes – 600,000 2) Cimsec Nominees (Tempatan) Sdn Bhd - CIMB Bank for Anthony Francis Fernandes (MY1029) - 2,627,010 Indirect:- 1) Tune Air Sdn Bhd – 210,358,930 2) ECML Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Tune Air Sdn Bhd (001) – 89,649,452 3) HSBC Nominees (Tempatan) Sdn Bhd - Credit Suisse HK for Tune Air Sdn Bhd - 188,000,000 4) Maybank Nominees (Tempatan) Sdn Bhd - Kuwait Finance House (Malaysia) Berhad for Tune Air Sdn Bhd (Tony Fernandes) - 35,100,000 5) Citigroup Nominees (Tempatan) Sdn Bhd – Pledged Securities Account – Bank Julius Baer & Co Ltd for Tune Air Sdn Bhd (CB SG)– 31,500,000 6) Citigroup Nominees (Tempatan) Sdn Bhd – Bank Julius Baer & Co Ltd for Tune Air Sdn Bhd (CBSG)– 18,000,000 7) Cimsec Nominees (Tempatan) Sdn Bhd -Pledged Securities Account for Tune Air Sdn Bhd (EDG&GCM) - 68,000,000 8) Tune Group Sdn Bhd - 39,500,000

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	08/11/2012	1,100,000

Circumstances by reason of which change has occurred	Acquisition of shares
Nature of interest	Direct and Indirect
Direct (units)	3,227,010
Direct (%)	0.12
Indirect/deemed interest (units)	680,108,382
Indirect/deemed interest (%)	24.47
Total no of securities after change	683,335,392
Date of notice	09/11/2012

Remarks :

This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder from Tan Sri Dr. Anthony Francis Fernandes dated 9 November 2012 received by the registered office of AirAsia Berhad on 9 November 2012.

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AIRASIA - Changes in Director's Interest (S135) - Tan Sri Dr. Anthony Francis Fernandes

Announcement Type: Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965

Company Name	AIRASIA BERHAD
Stock Name	AIRASIA
Date Announced	9 Nov 2012
Category	Changes in Director's Interest Pursuant to Section 135 of the Companies Act. 1965
Reference No	CM-121109-F2D6F

Information Compiled By KLSE

Particulars of Director

Name	Tan Sri Dr. Anthony Francis Fernandes
Address	37-2, Bangsar Heights Jalan Kaloi Off Jalan Kurau 59100 Kuala Lumpur Wilayah Persekutuan
Descriptions(Class & nominal value)	Ordinary shares of RM0.10 each

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Date of change	No of securities	Price Transacted (RM)
Acquired	08/11/2012	1,100,000	2.945

Circumstances by reason of which change has occurred	Acquisition of shares
Nature of interest	Direct and Indirect
Consideration (if any)

Total no of securities after change
Direct (units)	3,227,010
Direct (%)	0.12
Indirect/deemed interest (units)	680,108,382
Indirect/deemed interest (%)	24.47
Date of notice	09/11/2012

Remarks :

Direct:- 1) Tan Sri Dr. Anthony Francis Fernandes – 600,000 2) Cimsec Nominees (Tempatan) Sdn Bhd - CIMB Bank for Anthony Francis Fernandes (MY1029) - 2,627,010 Indirect:- 1) Tune Air Sdn Bhd – 210,358,930 2) ECML Nominees (Tempatan) Sdn Bhd - Pledged Securities Account for Tune Air Sdn Bhd (001) – 89,649,452 3) HSBC Nominees (Tempatan) Sdn Bhd - Credit Suisse HK for Tune Air Sdn Bhd - 188,000,000 4) Maybank Nominees (Tempatan) Sdn Bhd - Kuwait Finance House (Malaysia) Berhad for Tune Air Sdn Bhd (Tony Fernandes) - 35,100,000 5) Citigroup Nominees (Tempatan) Sdn Bhd – Pledged Securities Account – Bank Julius Baer & Co Ltd for Tune Air Sdn Bhd (CB SG)– 31,500,000 6) Citigroup Nominees (Tempatan) Sdn Bhd – Bank Julius Baer & Co Ltd for Tune Air Sdn Bhd (CBSG)– 18,000,000 7) Cimsec Nominees (Tempatan) Sdn Bhd -Pledged Securities Account for Tune Air Sdn Bhd (EDG&GCM) - 68,000,000 8) Tune Group Sdn Bhd - 39,500,000 The 1,100,000 acquired shares is equivalent to 0.04% of all issued securities of AirAsia Berhad. This announcement is made pursuant to Paragraph 14.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and based on the information in the Notice of Disclosure pursuant to Section 135(1)(a) and (b) of the Companies Act, 1965 of Tan Sri Dr. Anthony Francis Fernandes received by the registered office of AirAsia Berhad on 9 November 2012.

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AIRASIA - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement

Company Name	AIRASIA BERHAD
Stock Name	AIRASIA
Date Announced	9 Nov 2012
Category	General Announcement
Reference No	CM-121109-608A5

Type	Announcement
Subject	DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS DURING CLOSED PERIOD
Description	AIRASIA BERHAD (“AIRASIA” OR “THE COMPANY”) NOTIFICATION PURSUANT TO PARAGRAPH 14.08 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“MMLR”) OF DEALINGS IN THE SECURITIES OF AIRASIA DURING CLOSED PERIOD
AirAsia had on 19 October 2012 announced the receipt of a notification from Tan Sri Dr. Anthony Francis Fernandes ("Tan Sri Dr. Tony Fernandes"), Non-Independent Non-Executive Director of AirAsia, pursuant to Paragraph 14.08(a) of the MMLR of his intention to deal in the shares of AirAsia during closed period. Further to the aforesaid announcement, AirAsia had on 9 November 2012 received a notification from Tan Sri Dr. Tony Fernandes pursuant to Paragraph 14.08(d) of the MMLR in respect of his dealings in the securities of the Company on 8 November 2012 as stated below:- (a) An acquisition of 1,100,000 Ordinary Shares of RM0.10 each, equivalent to 0.04% of all issued securities of AirAsia, by Tune Group Sdn Bhd (“TGSB”), which Tan Sri Dr. Tony Fernandes has deemed interest by virtue of Section 6A of the Companies Act, 1965 through a shareholding of more than 15% in TGSB (“Acquisition”). Upon completion of the aforesaid Acquisition, the balance of number of shares held by Tan Sri Dr. Tony Fernandes is as follows:- Type of shareholding � � Number of Ordinary Shares of RM0.10 each in the Company % of the Company's issued capital Direct � 3,227,010 � 0.12 � Indirect interest Tune Air Sdn. Bhd. (“TASB”)* Tune Group Sdn. Bhd. � � � 640,608,382 39,500,000 � � � � 23.04 1.42 � � � Total 683,335,392 24.58 * inclusive of shares held by ECML Nominees (Tempatan) Sdn. Bhd., Cimsec Nominees (Tempatan) Sdn. Bhd., Maybank Nominees (Tempatan) Sdn. Bhd., HSBC Nominees (Tempatan) Sdn. Bhd. and Citigroup Nominees (Tempatan) Sdn. Bhd. for TASB. This announcement is dated 9th November 2012. � � � � � � � � �

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AIRASIA - DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS):DEALINGS DURING CLOSED PERIOD

Announcement Type: General Announcement

Company Name	AIRASIA BERHAD
Stock Name	AIRASIA
Date Announced	9 Nov 2012
Category	General Announcement
Reference No	CM-121109-608B0

Type	Announcement
Subject	DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) DEALINGS DURING CLOSED PERIOD
Description	AIRASIA BERHAD (“AIRASIA” OR “THE COMPANY”) NOTIFICATION PURSUANT TO PARAGRAPH 14.08 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD (“MMLR”) OF DEALINGS IN THE SECURITIES OF AIRASIA DURING CLOSED PERIOD
AirAsia had on 19 October 2012 announced the receipt of a notification from Dato’ Kamarudin Bin Meranun ("Dato’ Kamarudin"), Non-Independent Non-Executive Director of AirAsia, pursuant to Paragraph 14.08(a) of the MMLR of his intention to deal in the shares of AirAsia during closed period. Further to the aforesaid announcement, AirAsia had on 9 November 2012 received a notification from Dato' Kamarudin pursuant to Paragraph 14.08(d) of the MMLR in respect of his dealings in the securities of the Company on 8 November 2012 as stated below:- (a) An acquisition of 1,100,000 Ordinary Shares of RM0.10 each, equivalent to 0.04% of all issued securities of AirAsia, by Tune Group Sdn Bhd (“TGSB”), which Dato’ Kamarudin has deemed interest by virtue of Section 6A of the Companies Act, 1965 through a shareholding of more than 15% in TGSB (“Acquisition”). Upon completion of the aforesaid Acquisition, the balance of number of shares held by Dato’ Kamarudin is as follows:- Type of shareholding � � Number of Ordinary Shares of RM0.10 each in the Company % of the Company's issued capital Direct � 2,292,900 � 0.08 � Indirect interest Tune Air Sdn. Bhd. (“TASB”)* Tune Group Sdn. Bhd. � � � 640,608,382 39,500,000 � � � � 23.04 1.42 � � � Total 682,401,282 24.54 * inclusive of shares held by ECML Nominees (Tempatan) Sdn. Bhd., Cimsec Nominees (Tempatan) Sdn. Bhd., Maybank Nominees (Tempatan) Sdn. Bhd., HSBC Nominees (Tempatan) Sdn. Bhd. and Citigroup Nominees (Tempatan) Sdn. Bhd. for TASB. This announcement is dated 9th November 2012. � � � � � � � �

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ATRIUM - OTHERS Acquisition of Atrium Real Estate Investment Trust ("Atrium REIT") units by the Manager of Atrium REIT, namely Atrium REIT Managers Sdn Bhd

Announcement Type: General Announcement

Company Name	ATRIUM REAL ESTATE INVESTMENT TRUST
Stock Name	ATRIUM
Date Announced	9 Nov 2012
Category	General Announcement
Reference No	CK-121108-63858

Type	Announcement
Subject	OTHERS
Description	Acquisition of Atrium Real Estate Investment Trust ("Atrium REIT") units by the Manager of Atrium REIT, namely Atrium REIT Managers Sdn Bhd
Atrium REIT Managers Sdn Bhd ("ARM") had on�8 November 2012 acquired 75,200 Atrium REIT units of RM1.00 each directly in the open market. The total units held by ARM in Atrium REIT after the acquisition is 397,300 units representing 0.33% of the total units in circulation.�

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PENERGY - PETRA ENERGY BERHAD ("PENERGY" or "the Company") - Provision of Offshore Services Contract (OSC) for Gumusut-Kakap Development

Announcement Type: General Announcement

Company Name	PETRA ENERGY BERHAD
Stock Name	PENERGY
Date Announced	9 Nov 2012
Category	General Announcement
Reference No	CS-121109-462B1

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	YL-121029-37487
Subject	PETRA ENERGY BERHAD ("PENERGY" or "the Company") - Provision of Offshore Services Contract (OSC) for Gumusut-Kakap Development
Description	PETRA ENERGY BERHAD ("PENERGY" or "the Company") - Provision of Offshore Services Contract (OSC) for Gumusut-Kakap Development
Query Letter Contents	We refer to your announcement dated 25 October 2012 in respect of the abovementioned matter. In this regard, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:- 1. The value of Contract. 2. The tenure of Contract. 3. Whether the Contract is renewable. If so, for how many years. 4. The effects of the Contract on the earnings per share, net assets per share and gearing of the Petra Energy Berhad group. 5. Whether the directors and/or major shareholders and/or persons connected with a director or major shareholder have any interest, direct or indirect, in the Contract, and the nature and extent of their interests. 6. The risks in relation to the Contract. Kindly furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully TAN YEW ENG Head, Issuers Listing Division Regulation TYE/YLS c.c:- Head, Market Surveillance Department, Market Supervision Division, Securities Commission (via fax)
Further to the announcement dated 25 October 2012 (“Initial Announcement”), we set out below the additional information requested by Bursa Malaysia Securities Berhad vide its letter dated 30 October 2012. 1. The value of the contract. Petra Resources Sdn Bhd (“PRSB”) has yet to determine the total value of the contract since the Contract is on a 'call-out' basis whereby workorders will be issued at the discretion of the client based on a standard schedule of rates during the duration of the Contract. 2. The tenure of Contract. The Contract is for a firm thirty (30) months effective from 18 October 2012. 3. Whether the Contract is renewable. If so, for how many years. The contract is not renewable. 4. The effects of the Contract on the earnings per share, net assets per share and gearing of the PENERGY group. The Contract is expected to contribute positively to the earnings per share and net assets of PENERGY Group for the duration of the Contract. The gearing of PENERGY Group is not expected to be effected by the Contract. 5. Whether the directors and/or major shareholders and/or persons connected with a director or major shareholder have any interest, direct and indirect, in the contract, and the nature and extent of their interest. None of the directors and/or major shareholders and/or persons connected with a director or major shareholder have any interest, direct or indirect, in the Contract. 6. The risks in relation to the contract. Operation risk (i) It is inherent that in every projects having an adequate skilled manpower and materials as critical essence in ensuring the smoothness towards project completion. Inadequate skilled manpower and material resources will have a material impact in delivering the project performance. As the Company has throughout the years established its track record and expertise to undertake such contracts, these risk has been managed and mitigated by having a structured and robust manpower planning for the project execution and to manage the procurement activities of materials in an efficient and effective manner as early as at the planning stage. These activities are mainly to minimise the likelihood of the risk to happen which can jeopardise the project performance in terms of quality, timeline and reputation. The bottom line, these measures are also taken to prevent unnecessary cost incurred to rectify and troubleshoot any loopholes due to improper manpower and resources planning at early stage. Thus, we wished to minimise adverse financial impact should the risks happen during upon project completion. (ii) As for the operational project risk assessment, we are to conduct in assessing the risk areas and exposure associated with the project. These mainly to identify risks and to set proactive mitigation plans which to be monitored on continuous basis by project team. We wished to minimise any operational interruptions to the projects execution and implementation which can be hinder with robust project risk management plan in place prior the project. Thus, to maximise and optimise the resources and capabilities to deliver the project with given timeline, budget and quality specified by client. Political, economic and regulatory risks Unfavourable changes in government policies, nationalisation and changes in interest rate or legislation but not limited to risk of war will have a significant impact towards our business and prospects. As such, we will manage these risk via close monitoring of Government’s long-term economic plan and to reap any opportunities on regulatory changes in the industry. Nevertheless, there can be no assurance that any changes to the political, economic and regulatory factors will not have a material and adverse effect on the business and prospect of our Group. In summary, since the work scope of the Contract is similar to the current work performed by PRSB, the Company believes that PRSB is able to mitigate the risks which include, but are not limited to, execution risks such as availability of skilled manpower and materials, changes in cost of manpower and services as well as external factors such as weather condition. This announcement is dated 9 November 2012.

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