General Announcement::UPDATE ON WRITS OF SUMMONS & RECEIPT OF STATUTORY DEMAND FROM AMBANK (M) BERHAD

Falcon Energy Group Limited is a Singapore-based offshore marine, and oil and gas company. The Company provides a full spectrum of services to global oil companies and contractors, from the initial exploration and drilling stage to production and post-production stages with focus on production phase. It operates its business under five divisions: Marine, Oilfield Services, Oilfield Projects, Drilling Services and Resources. The Marine Division has a fleet of offshore support vessels to provide direct support to its customers, mainly in the production phase of oil and gas projects. The Oilfield Services Division provides services such as agencies, logistics, procurement and other general support activities. Oilfield Projects Division has been involved in projects and investments related to the offshore marine and oil and gas industries. Drilling Services Division provides drilling and related services to oil, national oil companies and oil and gas contractors.