(Unless otherwise stated, all abbreviations used herein shall have the same meanings as those used in the Company’s announcements dated 5 March 2016, 18 March 2016, 11 April 2016, 12 April 2016, 23 May 2016, 24 May 2016, 26 May 2016, 20 June 2016, 4 July 2016, 19 July 2016, 24 August 2016, 5 September 2016, 21 September 2016, 7 October 2016, 12 October 2016, 27 October 2016 and 4 November 2016 in relation to the Proposals).

On behalf of the Board, HLIB and Maybank IB wish to announce that Reach Energy had on 7 November 2016, entered into an agreement with MIEH and Palaeontol COOP to extend the Longstop Date to 17 November 2016 (“SPA Amendment No. 3”). Except as varied by the terms of the SPA Amendment No. 3, the SPA, the SPA Amendment No. 1 (as amended by SPA Amendment No. 2) and the Waiver Letter will remain in full force and effect.

Following the extension of the Longstop Date, on behalf of the Board, HLIB and Maybank IB wish to announce that the Company will hold the adjourned EGM in relation to the Proposals (“Adjourned EGM”) at Ballroom 1, Sime Darby Convention Centre, 1A, Jalan Bukit Kiara 1, 60000 Kuala Lumpur on Wednesday, 16 November 2016 at 11.00 a.m..

The purpose of the Adjourned EGM shall be to carry on the business of the initial EGM held on 4 November 2016, namely for the purpose of considering and, if thought fit, passing with or without modifications, the special resolution in relation to the Proposed Acquisition and the ordinary resolution in relation to the Proposed Placement as set out in the Notice of EGM dated 13 October 2016.

Shareholders who wish to vote on the Proposals shall do so either in person or by proxy or attorney or a duly authorised representative at the forthcoming Adjourned EGM. Only shareholders whose names appear in the Record of Depositors as at 28 October 2016 shall be eligible to attend and to speak and vote at the Adjourned EGM as this enables the same shareholders who were eligible to attend and to speak and vote at the initial EGM held on 4 November 2016, to vote on the Proposals at the Adjourned EGM.

If you have already lodged the completed and signed Form of Proxy prior to the initial EGM on 4 November 2016, it shall remain valid and you do not need to take any subsequent action. However, if you have not done so or wish to change your earlier submitted Form of Proxy, you must complete, sign and deposit the Form of Proxy in accordance with the instructions contained therein, at Symphony Share Registrars Sdn Bhd’s office at Level 6, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan by Monday, 14 November 2016 at 11.00 a.m. being not less than 48 hours before the time set for the Adjourned EGM. The lodging of the Form of Proxy will not preclude you from attending and voting in person at the Adjourned EGM should you subsequently decide to do so.  

You are advised to refer to the instructions and requirements set out in Sections 17 and 18 of the Circular in relation to voting for the Proposed Acquisition and the qualifying acquisition share repurchase procedures.  

If you have lost, misplaced or for any other reason require another copy of the Circular and/or the Form of Proxy and/or the Request Form for the qualifying acquisition share repurchase, you may obtain a copy of the same from one of the following:

(i) the Company at the following address:

D3-5-8, Block D3,
Solaris Dutamas,
No. 1, Jalan Dutamas 1,
50480 Kuala Lumpur

Telephone No.: +603-6412 3000
Facsimile No.: +603 6412 8005

website: www.reachenergy.com.my; or

(ii) Bursa Securities’ website at www.bursamalaysia.com.

The SPA Amendment No.3 will be available for inspection at the registered office of the Company at Level 8, Symphony House, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47301 Petaling Jaya, Selangor Darul Ehsan during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 7 November 2016.