The Board of Directors of Atlantic Navigation Holdings (Singapore) Limited announced that the Group had, on 15 November 2022, secured a contract for one of its vessels (the "Vessel") for a firm duration of 2 years, with monthly extension options of up to 3 months thereafter (the "Time Charter") with a third-party charterer. Upon maintenance and mobilisation, the Vessel will be utilised to support existing oilfield operations in the Middle East expected for commencement by mid-January 2023. The Group will provide further details and material development closer to the Vessel deployment and commencement date.

Save for their respective shareholdings in the Company, none of the Directors, controlling shareholders or substantial shareholders of the Company, or their respective associates, has any interest, direct or indirect, in the Time Charter.