The Board of Directors of ENRA announced that ENRA SPM Sdn Bhd, a subsidiary of the Company has on 1 September 2022, accepted a letter of award from Gulf Petroleum Myanmar for the Provision of Condensate Storage, Offloading Facilities and Services for Yetagun offshore operations, Myanmar at the contract value amounting to USD4.39 million. The contract is effective from 30 August 2022 and the charter period will be effective upon commissioning of the system and shall continue for a period of six (6) months. The contract is expected to contribute positively to the Group's earnings and net assets per share for the financial year ending 31 March 2023.

The contract extension shall be subject to mutual consent and the risks in respect of the contract are normal business risks. None of the directors and/or major shareholders of the Company or persons connected to them has any interest, direct or indirect in the contract awarded.