Ezra

Ezra: Ezra will transfer the ordinary shares held by it in each of its offshore support companies to EOC in consideration of a sum equal to $520m. After the acquisition. * Consideration commprising: * $150m, payable in cash * $370m, satisfied by allotment and issue by EOC to Ezra of 280.1m EOC ordinary shares based on issue price of NOK8.18/consideration share - EOC will seek a secondary listing on mainboard of SGX. - Ezra currently owns 45.7 percent of EOC.