The Board of Directors of KAB wishes to announce that KAB Energy Holdings Sdn. Bhd. [Registration No. 202101013322 (1413621-K)] (“KABEH”), a wholly-owned subsidiary of the Company, had on 3 January 2023 accepted a Letter of Award dated 30 December 2022 (“LOA”) from Regas Terminal (Lahad Datu) Sdn. Bhd. [Registration No. 201101033644 (961779-T)] (“RGTLD”), a wholly owned subsidiary of Petronas Gas Berhad (“PGB”), for the Provision of Engineering, Procurement, Construction and Commissioning (“EPCC”) for 52 MW Power Plant Project and Its Associated Facilities at Sipitang Oil and Gas Industrial Park (“SOGIP”), Jalan SOGIP 3, 89850 Sipitang, Sabah (hereinafter referred to as “Project”)(“Contract”).

Please refer to the attachment for further details of the announcement.

This announcement is dated 3 January 2023.