The Board of Directors of MISC Behad has been awarded long term Time Charter Parties by QatarEnergy for7 174,000 m3 newbuild Liquefied Natural Gas Carriers to be built by Hyundai Heavy Industries Co., LTD. MISC has agreed on the principal terms for the Consortium and each Consortium member will have equal equity interest of 25% in each awarded LNGC. MISC will enter into shareholders' agreements with the Consortium through its wholly-owned subsidiary known as Portovenere and Lerici (Labuan) Private Limited. Joint venture companies will be formed to manage the commercial operations of the LNGCs and Eaglestar Shipmanagement GAS (S) Pte.

Ltd., an indirect wholly-owned subsidiary of the Company will be providing ship management services for part of this project. Pursuant to the TCPs, the LNGCs will be employed by QatarEnergy under long-term charters starting from 2025 onwards.