GIKEN SAKATA (S) LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 197903879W)

THE PROPOSED ACQUISITION OF SHARES IN CEPU SAKTI ENERGY PTE. LTD.

1. Introduction
The board of directors of Giken Sakata (S) Limited (the "Company") refers to its previous announcements dated 11 April 2014, 1 June 2014, 30 June 2014 and 2 July 2014 (the "Previous Announcements").
Unless otherwise defined, all capitalised terms used in this announcement shall bear the same meaning as ascribed to them in the Previous Announcements.
2. Cooperation Agreement between PT Cepu and KUD Sumber Pangan dated 20 June 2014
Further to the Previous Announcements, the Board wishes to announce that the Target Group has informed the Company that it has entered into a cooperation agreement with KUD Sumber Pangan dated 20 June 2014 (the "KUD SP Agreement"), pursuant to which PT Cepu has been granted the right to manage at least 91 old oil wells located in the Village Kawengan, District Kedewan, Bojonegoro. The Board understands from the Target Group that: (i) under the KUD SP Agreement, PT Cepu is responsible for funding the drilling and the operational costs of the old oil wells and bearing the costs incurred for deepening wells in return for the right to acquire a substantial proportion of the revenues arising from the oil that is produced; and (ii) the KUD SP Agreement is valid for a period of 10 years, and may be extended for an additional 5 years.
3. Caution in Trading
Further announcements will be made by the Company in due course.
Shareholders are advised to read this announcement and any further announcements by the Company carefully. Shareholders of the Company are advised to refrain from taking any action in respect of their securities in the Company which may be prejudicial to their interests, and to exercise caution when dealing in the securities of the Company. In the event of any doubt, shareholders of the Company should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers.
By Order of the Board
GIKEN SAKATA (S) LIMITED
Ng Say Tiong
Chief Financial Officer
16 July 2014

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This announcement has been prepared by the Company and its contents have been reviewed by the company's Sponsor, Stamford Corporate Services Pte Ltd, for compliance with the relevant rules of the SGX-ST. The Company's Sponsor has not independently verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Mr Bernard Lui
Telephone number: (65) 6389 3000
Email address: bernard.lui@stamfordlaw.com.sg
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