We refer to the Company’s announcement dated 17 November 2021, 19 November 2021, 23 November 2021 and 1 December 2021 in respect of the court case initiated against Emir Oil LLP ("EO" or "the Defendant"), a major subsidiary of the Company in connection with the inspection by the Department of Industrial Safety of Mangistau region of the Republic of Kazakhstan (“Plaintiff”).

(hereinafter referred to as “the Suit”)

The Board of Directors of Reach Energy Berhad (“REB” or “the Company”) would like to update that the Court hearing took place on 8 December 2021 and the judge had deferred the decision to the next day on 9 December 2021. Subsequently on 9 December 2021, the Court had ruled in favour of EO and dismissed the Industrial Safety Department's lawsuit, and thus, suspension of EO’s facilities and technical equipment is not necessary.

The Company will make the necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments in relation thereof and/or upon receipt of any further directions by the Court.

This announcement is dated 10 December 2021.