Reference is made to the article titled “Reach to buy remaining 40% in Emir-Oil Concession” which appeared in the Business News, The Star Online on 27 August 2019 (“the Article”).

The Board of Directors (“Board”) of REB wishes to announce that it is in the process of making due inquiries with regards to the highly specific statements made in the Article, with the intention of making a further announcement in response to the Article.  

The Board is cognisant of the need for proper dissemination of information to the public and would release announcement on Bursa Securities on any material issue on a timely basis as required by the Main Market Listing Requirements of the Bursa Securities.

The Company will continue to monitor rumours, reports or inaccurate information affecting the Company. The Company views this matter seriously and is considering all appropriate action including legal recourse as it deems fit against any party that initiates, disseminates or circulates baseless allegations or rumours.

This announcement is dated 28 August 2019.