Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Bumi Armada Berhad (Bumi Armada or the Company) wishes to announce that its wholly-owned subsidiary, Bumi Armada Offshore Holdings Limited, has on 23 April 2012 incorporated a wholly-owned subsidiary in the Republic of the Marshall Islands under the name Armada Offshore OSV Limited ("Armada OSV).
The authorised capital of Armada OSV is USD50,000 comprising of USD1.00 each, of which 10,000 shares have been issued. The principal business activities of Armada OSV are ship owners, charterers, managers of ships and vessels, marine support and other servcies to offshore oil and gas companies.
The incorporation of Armada OSV is not expected to have any material impact on the earnings or net assets of the Bumi Armada Group for the financial year ending 31 December 2012.
None of the Directors and/or major shareholders of Bumi Armada and person connected to them has any interest, direct or indirect, in the said incorporation.
This announcement is dated 23 April 2012.