The Board of Directors of Perdana Petroleum Berhad announced that its wholly-owned subsidiary, Perdana Nautika Sdn Bhd ("PNSB") has received a work order award from PETRONAS Carigali Sdn Bhd ("PCSB") on 17 February 2023 for the provision of Accommodation Work Barge ("AWB") for Petronas Carigali Sdn BhD. The Contract has commenced on 20 March 2023 ("Commencement Date") and is for a duration of up to two hundred and twenty-nine (229) days from the Commencement Date. PNSB shall provide 1-unit of AWB vessel with crews and equipment to perform a continuous service as per the scope of works agreed to assist PCSB's project activities.

The Contract is expected to contribute positively to the earnings and net assets of PPB Group for the financial year ending 31 December 2023. The Contract will not have effect on the share capital and shareholding structure of PPB.