July 15, 2011

Company announcements: KENCANA

KENCANA - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Submitting Merchant Bank: AMINVESTMENT BANK BERHAD
Company Name: KENCANA PETROLEUM BERHAD
Stock Name: KENCANA
Date Announced: 15/07/2011

Announcement Detail:
Whether the corporate proposal involves the issuance of new type and new class of securities?: No

Types of corporate proposal: Acquisitions

Details of corporate proposal: KENCANA PETROLEUM BERHAD ("KENCANA PETROLEUM" OR "COMPANY")

PROPOSED ACQUISITION BY KENCANA PETROLEUM OF 100% EQUITY INTEREST IN ALLIED MARINE & EQUIPMENT SDN BHD FOR A PURCHASE CONSIDERATION OF RM400 MILLION TO BE SATISFIED BY THE ISSUANCE OF 149,253,731 NEW ORDINARY SHARES OF RM0.10 EACH IN KENCANA PETROLEUM ("KENCANA PETROLEUM SHARES") AT AN ISSUE PRICE OF RM2.68 PER KENCANA PETROLEUM SHARE ("PROPOSED ACQUISITION")

No. of shares issued under this corporate proposal: 149,253,731

Issue price per share ($$): MYR 2.680

Par Value ($$): MYR 0.100

Units: 1,987,443,801

Currency: MYR 198,744,380.100

Listing Date: 18/07/2011


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