Uzma Engineering Sdn. Bhd. announced that the PT Pertamina Drilling Services Indonesia on 27 February 2024 entered into a Marketing Partnership Agreement, wherein Pertamina Drilling appoints UESB to promote Pertamina Drilling's oil and gas drilling services and associated drilling services, rendering technical know-how in the tendering process ("Services") as well as its oil and gas associated drilling products within the territory of Malaysia.

The duration of the Agreement is for one (1) year which may be extended upon mutual written consent by both Parties. The approval for the release of this announcement was obtained from Pertamina Drilling on 6 March 2024. Pertamina Drilling will remunerate UESB with commissions for sales facilitated through UESB's recommendations and support as outlined in the Agreement.

The Agreement is not expected to have any material impact on the net assets, gearing, share capital and substantial shareholdings of the Company for the financial year ending 30 June 2024.