(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, 4 November 2016 and 7 November 2016 in relation to the Proposals).

On behalf of the Company, HLIB and Maybank IB wish to announce the following information to provide further clarity on the eligibility of shareholders who wish to attend and to speak and vote at the Adjourned EGM and to participate in the qualifying acquisition (“QA”) share repurchase:

(i)         as disclosed in Sections 17 and 18 of the Circular as well as the Request Form for the QA share repurchase, only shareholders whose names appear in the Record of Depositors as at 28 October 2016 (“Record Date”) will be entitled to the QA share repurchase.

For illustration purposes, if the shareholder already owns 1,000 Reach Energy Shares as at the Record Date, the said shareholder is eligible to attend and to speak and vote at the Adjourned EGM. However, only the 1,000 Reach Energy Shares the shareholder holds will be entitled to the QA share repurchase if the said shareholder has voted against the Proposed Acquisition at the Adjourned EGM. In addition, if the said shareholder has acquired additional Reach Energy Shares subsequent to the Record Date, the additional Reach Energy Shares acquired will not be entitled to the QA share repurchase.

The QA share repurchase will only be undertaken by Reach Energy if the Proposed Acquisition is approved at the Adjourned EGM.

(ii)         if the name of the shareholders does not appear in the Record of Depositors as at the Record Date and they have acquired Reach Energy Shares after 28 October 2016 up to 16 November 2016 (“Said Period”) these shareholders will not be entitled to attend and to speak and vote at the Adjourned EGM and will also not eligible to request the Company to repurchase the Reach Energy Shares acquired during the Said Period.

Shareholders of the Company 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 QA share repurchase procedures as well as the Request Form for the QA share repurchase.  

This announcement is dated 9 November 2016.