The Company is pleased to announce that Handal Offshore Services Sdn. Bhd., a wholly-owned subsidiary of the Company, has on 10 December 2015 accepted the Letter of Award (“the Contract”) dated 10 December 2015 from Talisman Malaysia Limited to provide offshore crane maintenance and repair services,  The Contract’s effective date is on 10 December 2015 for the duration of a pimary period of two (2) years with extension option of  one (1) year at a contract price of  approximately RM22,000.000.00  (Ringgit Malaysia: Twenty-two million only).

The Contract is expected to contribute positively to revenue and earnings and net assets per share of the HRB Group for the financial year ending 2015.

The risks associated with the Contract are normal operational risks which can be mitigated through HRB system of project management and internal business controls.

None of the Directors or major shareholders of HRB or persons connected to them have any interest, direct or indirect, in the Contract.

This announcement is dated 21 December 2015.