【VELESTO 5243 交流专区】（前名 UMWOG）

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Type	Announcement
Subject	OTHERS
Description	CONTRACT EXTENSION FOR THE PROVISION OF JACK UP DRILLING RIG SERVICES FOR HESS EXPLORATION AND PRODUCTION MALAYSIA B.V.
1. INTRODUCTION The Board of Directors of Velesto Energy Berhad (“VEB”) (formerly known as UMW Oil & Gas Corporation Berhad) is pleased to announce that Velesto Drilling Sdn. Bhd. (“VED”) (formerly known as UMW Offshore Drilling Sdn. Bhd.), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn. Bhd. (“VMV”) (formerly known as UMW Malaysian Ventures Sdn. Bhd.), which in turn is a wholly-owned subsidiary of VEB has received a contract extension from Hess Exploration and Production Malaysia B.V. ("Hess") for a contract for the provision of a High Pressure High Temperature (“HPHT”) Jack-Up Drilling Rig and Services for North Malay Basin, Malaysia, the approval of which was received today. 2. DETAILS The Contract extension is for the provision of Drilling Rig Services for Hess' Drilling Programme, whereby VEB Group will assign one of its rigs, NAGA 8 for this contract. The Contract is for a duration of eighteen (18) months with an option for further extension. The Contract value is estimated to be approximately USD 38 Million, commencing in second quarter of 2018. NAGA 8 is a premium independent-leg cantilever jack-up rig that has a drilling depth capability of 30,000 feet and has a rated operating water depth of 400 feet. 3. INFORMATION ON PARTIES 3.1 Information on VED VED was incorporated in Malaysia under the Companies Act, 1965 on 29 July 2003 and is principally involved in the offshore drilling business and operations and other engineering services for oil and gas exploration, development and production in Malaysia and overseas. 3.2 Information on Hess Hess Exploration and Production Malaysia B.V. is a subsidiary of Hess Corporation, a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. 4. FINANCIAL EFFECTS The provision of the above mentioned services is expected to contribute positively to the earnings and net assets of VEB Group during the contract period for the financial period ending 31 December 2018. 5. RISK ASSOCIATED WITH THE CONTRACT The risks associated with the execution of the contract are operational and execution risks, which will be mitigated and/or managed by VEB, a company with a proven successful track record of undertaking drilling programmes. 6. CONFIDENTIALITY In accordance with the terms of contract extension dated 3 May 2018, the Company has received today, approval from Hess on the content and the release of this Announcement. 7.  DIRECTORS AND SUBSTANTIAL SHAREHOLDERS INTEREST None of the Directors and/or the substantial shareholders of VEB and/or persons connected with the Directors and/or substantial shareholders have any interest, direct or indirect, in the above contract. 8. STATEMENT BY DIRECTORS The Board of Directors of VEB is of the opinion that the award of the contract is in the best interests of VEB Group. This announcement is dated 12 February 2019.

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Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF NINE (9) WHOLLY-OWNED SUBSIDIARY COMPANIES OF VELESTO ENERGY BERHAD (FORMERLY KNOWN AS UMW OIL & GAS CORPORATION BERHAD)
1. INTRODUCTION Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Velesto Energy Berhad (“VEB”) (formerly known as UMW Oil & Gas Corporation Berhad) wishes to announce the incorporation of the following nine (9) new subsidiaries in Malaysia under the Companies Act, 2016 on 21 February 2019:- i)      Velesto Rig Asset Sdn Bhd (Company No. 1315137-W) ("VRA"); ii)     Velesto Sumber Sdn Bhd (Company No. 1315138-K) ("VS"); iii)    Velesto Drilling 2 Sdn Bhd (Company No. 1315143-V) ("VD2"); iv)    Velesto Drilling 3 Sdn Bhd (Company No. 1315136-X) ("VD3"); v)     Velesto Drilling 4 Sdn Bhd (Company No. 1315135-T) ("VD4"); vi)    Velesto Drilling 5 Sdn Bhd (Company No. 1315133-M) ("VD5"); vii)   Velesto Drilling 6 Sdn Bhd (Company No. 1315132-P) ("VD6"); viii)  Velesto Drilling 7 Sdn Bhd (Company No. 1315127-D) ("VD7"); and ix)    Velesto Drilling 8 Sdn Bhd (Company No. 1315128-A) ("VD8") 2. INFORMATION OF THE NEW SUBSIDIARIES 2.1 Information of VRA and VS VRA and VS, are wholly owned subsidiaries of Velesto Malaysian Ventures Sdn Bhd (“VMV”) (formerly known as UMW Malaysian Ventures Sdn Bhd) were incorporated on 21 February 2019. VRA and VS are private company limited by shares, under the Companies Act 2016, with an initial issued and paid-up capital of RM2, respectively. The intended principal activity of both VRA and VS are investment holding for its Group.   2.2 Information of VD2, VD3, VD4, VD5, VD6, VD7 and VD8 (collectively will be referred to as Asset Owner Companies) These Asset Owner Companies are wholly owned subsidiaries of VMV, which were incorporated on 21 February 2019.  These companies are private company limited by shares, under the Companies Act 2016, with an initial issued and paid-up capital of RM2, respectively. These companies intended principal activities are ownership and leasing of drilling rig for the Group. 3. FINANCIAL EFFECTS The Incorporation will not have any material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding VEB Group for the financial year ending 31 December 2019. 4. DIRECTORS AND SUBSTANTIAL SHAREHOLDERS INTEREST None of the Directors and/or the substantial shareholders of VEB and/or persons connected with the Directors and/or substantial shareholders have any interest, direct or indirect, in the above Contract. 5. STATEMENT BY DIRECTORS The Board of Directors of VEB, having taken into consideration of the incorporation, is of opinion that the incorporation is in the best interest of VEB Group. This announcement is dated 21 February 2019.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2018	31 Dec 2017	31 Dec 2018	31 Dec 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	189,261	191,955	573,190	586,651
2	Profit/(loss) before tax	16,335	-977,264	-16,749	-1,130,507
3	Profit/(loss) for the period	14,748	-975,763	-18,768	-1,129,275
4	Profit/(loss) attributable to ordinary equity holders of the parent	14,748	-975,262	-17,886	-1,126,999
5	Basic earnings/(loss) per share (Subunit)	0.18	-31.84	-0.22	-36.79
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3405		0.3948

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Type	Announcement
Subject	OTHERS
Description	CONTRACT FOR THE PROVISION OF JACK UP DRILLING RIGS FOR PETRONAS CARIGALI SDN. BHD.
Please refer to the attachment for details of the announcement.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6133733

Attachments Announcement LOA PCSB 220419.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	127,029	121,763	127,029	121,763
2	Profit/(loss) before tax	-19,615	4,939	-19,615	4,939
3	Profit/(loss) for the period	-22,227	4,872	-22,227	4,872
4	Profit/(loss) attributable to ordinary equity holders of the parent	-22,219	5,015	-22,219	5,015
5	Basic earnings/(loss) per share (Subunit)	-0.27	0.06	-0.27	0.06
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3322		0.3404

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VELESTO ENERGY BERHAD

Date of change	01 Jul 2019
Name	ENCIK ADRIN SHAFIL BIN AHMAD NASIR
Age	41
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Operating Officer

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Degree Electrical / Computer Engineering Cornell University, USA.
Working experience and occupation	Adrin started his career as a Drilling Engineer with ExxonMobil Malaysia in May 2001. He served ExxonMobil Malaysia as a Drilling Engineer where he lead various design and offshore field assignments. He also has on-site jackup rig experience as a Drilling Supervisor, and was last posted in ExxonMobil Development Company, Houston as a worldwide Planning Engineer, overseeing international drilling team performances including Russia, Canada and Qatar.He then served a number of established companies in Nippon Oil Exploration, BHP Biliton Petroleum Sabah Corporation and Inpex Offshore North West Sabah Inc., as a Senior Deepwater Drilling Engineer before joining Petrofac Malaysia Ltd., as its Head of Well Engineering. Adrin's last position with Petrofac Malaysia Ltd was the Drilling and Completions Manager.

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钻井使用率与租金走高-velesto次季转盈1191万
https://www.enanyang.my/news/20190902/钻井使用率与租金走高-brvelesto次季转盈1191万/

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	157,052	111,842	284,081	233,605
2	Profit/(loss) before tax	11,689	-24,658	-7,926	-19,719
3	Profit/(loss) for the period	11,765	-24,778	-10,462	-19,906
4	Profit/(loss) attributable to ordinary equity holders of the parent	11,913	-24,080	-10,306	-19,065
5	Basic earnings/(loss) per share (Subunit)	0.15	-0.30	-0.13	-0.24
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3385		0.3404

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velesto获3363万合约-供应国油勘探钻井台
https://www.enanyang.my/news/20190904/velesto获3363万合约-br供应国油勘探钻井台/

Type	Announcement
Subject	OTHERS
Description	CONTRACT FOR THE PROVISION OF DRILLING RIG SERVICES FOR PETRONAS CARIGALI SDN. BHD. DRILLING PROGRAMME
1.         INTRODUCTION The Board of Directors of Velesto Energy Berhad ("VEB") is pleased to announce that Velesto Drilling Sdn. Bhd. (“VED”), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn. Bhd. (“VMV”), which in turn is a wholly-owned subsidiary of VEB, has received a Letter of Award from PETRONAS Carigali Sdn. Bhd. (“PCSB”), for the Provision of Jack Up Drilling Rig “NAGA 7” (“Contract”). 2.         DETAILS The Contract is for the provision of Drilling Rig Services for PCSB’s drilling programme, whereby VEB Group will assign its NAGA 7. The Contract is to drill two (2) firm wells with estimated contract value of USD8 million and expected commencement date in Quarter 3 2019. 3.         INFORMATION ON PARTIES 3.1      Information on VED VED was incorporated in Malaysia under the Companies Act, 1965 on 29 July 2003 and is deemed to be registered under the Companies Act 2016. VED is principally involved in the offshore drilling business and operations and other engineering services for oil and gas exploration, development and production in Malaysia and overseas. 3.2       Information on PCSB PCSB, a wholly-owned subsidiary of Petroliam Nasional Berhad (PETRONAS), is a leading exploration and production (E&P) company taking on increasingly challenging projects to bring new oil & gas supplies to the market. PCSB was incorporated in Malaysia under the Companies Act, 1965 on 11 May 1978 and has its registered office at Tower 1, Petronas Twin Towers, Kuala Lumpur City Centre, 50088 Kuala Lumpur, Malaysia. The principal activities of PCSB are the exploration, development and production of oil and gas. 4.         FINANCIAL EFFECTS The provision of the abovementioned services is expected to contribute positively towards the earnings and net assets of VEB Group during the contract period for the financial period ending 31 December 2019. 5.         RISK ASSOCIATED WITH THE CONTRACT The risks associated with the execution of the Contract are operational and execution risks, which will be mitigated and/or managed by VED, a company with a proven successful track record of undertaking drilling programmes. 6.         CONFIDENTIALITY The contents for this Announcement is in accordance with the terms of the Contract, which the Company has received the approval for the release of Announcement today, 4 September 2019 from PCSB. 7.         DIRECTORS AND SUBSTANTIAL SHAREHOLDERS INTEREST None of the Directors and/or the substantial shareholders of VEB and/or persons connected with the Directors and/or substantial shareholders have any interest, direct or indirect in the above Contract. 8.         STATEMENT BY DIRECTORS The Board of Directors of VEB is of the opinion that the award of the Contract is in the best interests of VEB Group. This announcement is dated 4 September 2019.

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velesto能源-转盈在望前景看俏
https://www.enanyang.my/news/20190905/【视频】velesto能源-转盈在望前景看俏/

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Type	Announcement
Subject	OTHERS
Description	CONTRACT FOR THE PROVISION OF 10K JACK UP DRILLING RIG FOR 2020 DRILLING PROGRAMME WITH CARIGALI HESS OPERATING COMPANY SDN. BHD.
1. INTRODUCTION The Board of Directors of Velesto Energy Berhad ("VEB") is pleased to announce that Velesto Drilling Sdn. Bhd. (“VED”), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn. Bhd. (“VMV”), which in turn is a wholly-owned subsidiary of VEB, has received a Letter of Award from Carigali Hess Operating Company Sdn Bhd (“Carigali Hess”), for the Provision of 10K Jack Up Drilling Rig for 2020 Drilling Programme (“Contract”), the approval of which was received today. 2. DETAILS VEB Group will assign NAGA 8 for this Contract with an estimated contract value for firm period only of USD131,000,000 million. The Contract is expected to commence in the 2nd half of 2020, for a duration of three (3) years with three (3) extension options of six (6) months each. NAGA 8 is a premium independent-leg cantilever jack-up rig that has a drilling depth capability of 30,000 feet and has a rated operating water depth of 400 feet. 3. INFORMATION ON PARTIES 3.1 Information on VED VED was incorporated in Malaysia under the Companies Act, 1965 on 29 July 2003 and is deemed to be registered under the Companies Act 2016. VED is principally involved in the offshore drilling business and operations and other engineering services for oil and gas exploration, development and production in Malaysia and overseas. 3.2 Information on Carigali Hess Carigali Hess is a joint venture Oil and Gas company between PCJDA Ltd, and Hess Oil Company of Thailand Ltd based in Kuala Lumpur engaged in gas production in Block A-18 of the Joint Development Area administered by the Malaysian-Thailand Joint Authority (MTJA). 4. FINANCIAL EFFECTS The provision of the above mentioned services is expected to contribute positively towards the earnings and net assets of VEB Group during the contract period for the financial period ending 31 December 2020. 5. RISK ASSOCIATED WITH THE CONTRACT The risks associated with the execution of the Contract are operational and execution risks, which will be mitigated and/or managed by VED, a company with a proven successful track record of undertaking drilling programmes. 6. CONFIDENTIALITY The contents for this Announcement is in accordance with the terms of the Contract, which the Company has received the approval for the release of Announcement today, from Carigali Hess. 7. DIRECTORS AND SUBSTANTIAL SHAREHOLDERS INTEREST None of the Directors and/or the substantial shareholders of VEB and/or persons connected with the Directors and/or substantial shareholders have any interest, direct or indirect in the above Contract. 8. STATEMENT BY DIRECTORS The Board of Directors of VEB is of the opinion that the award of the Contract is in the best interests of VEB Group. This announcement is dated 5th November 2019.

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Type	Announcement
Subject	OTHERS
Description	CONTRACT FOR THE PROVISION OF 10K JACK UP DRILLING RIG FOR 2020 DRILLING PROGRAMME WITH CARIGALI HESS OPERATING COMPANY SDN. BHD.
(Unless otherwise stated, the definitions used in this announcement are the same as those previously defined in the announcement dated 5 November 2019) We refer to the Company's announcement made on 5 November 2019 (“Announcement”) in relation to VED's receipt of Letter of Award from Carigali Hess for the Contract. We wish to highlight that the estimated contract value stated in the Announcement should be read as USD131 million instead of RM131 million. This announcement is dated 5th November 2019.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2019	30 Sep 2018	30 Sep 2019	30 Sep 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	208,573	150,324	492,654	383,929
2	Profit/(loss) before tax	35,825	-13,365	27,899	-33,084
3	Profit/(loss) for the period	33,329	-13,610	22,867	-33,516
4	Profit/(loss) attributable to ordinary equity holders of the parent	33,321	-13,569	23,015	-32,634
5	Basic earnings/(loss) per share (Subunit)	0.41	-0.17	0.28	-0.40
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3458		0.3404

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Type	Announcement
Subject	OTHERS
Description	CONTRACT FOR PROVISION OF JACK-UP DRILLING RIG UNIT & SERVICES FOR PEGAGA DEVELOPMENT DRILLING CAMPAIGN
1. INTRODUCTION The Board of Directors of Velesto Energy Berhad ("VEB") is pleased to announce that Velesto Drilling Sdn. Bhd. (“VED”), a wholly-owned subsidiary of Velesto Malaysian Ventures Sdn. Bhd. (“VMV”), which in turn is a wholly-owned subsidiary of VEB, has received a Letter of Award from Mubadala Petroleum’s entity, MDC Oil & Gas (SK 320) Ltd (Mubadala Petroleum), for the Provision of Jack Up Drilling Rig Unit & Services for Pegaga Development Drilling Campaign (“Contract”). 2. DETAILS The Contract is for the provision of a jack-up drilling rig to undertake drilling services for Mubadala Petroleum having an estimated contract value of USD30 million. The Contract is to drill seven (7) firm wells with an expected commencement date envisaged for the second quarter of 2020. VED will use its NAGA 4 to undertake the works. NAGA 4 is a premium independent-leg cantilever jack-up drilling rig that has a drilling depth capability of 30,000 feet and has a rated operating water depth of 400 feet. 3. INFORMATION ON PARTIES 3.1 Information on VED VED was incorporated in Malaysia under the Companies Act, 1965 on 29 July 2003 and is deemed to be registered under the Companies Act 2016. VED is principally involved in the offshore drilling business and operations and other engineering services for oil and gas exploration, development and production in Malaysia and overseas. 3.2 Information on Mubadala Petroleum Mubadala Petroleum is located at Level 11, Menara 3 PETRONAS, Kuala Lumpur City Centre, 50088 Kuala Lumpur, Malaysia. The nature of business for Mubadala Petroleum is exploration, development and production activities for oil and gas. 4. FINANCIAL EFFECTS The provision of the abovementioned services is expected to contribute positively towards the earnings and net assets of VEB and its subsidiaries (“VEB Group”) of which VED is part of during the Contract period for the financial year ending 31 December 2020. 5. RISK ASSOCIATED WITH THE CONTRACT The risks associated with the execution of the Contract are operational and execution risks, which will be mitigated and/or managed by VED, a company with a proven successful track record of undertaking drilling programmes. 6. CONFIDENTIALITY The contents for this announcement is in accordance with the terms of the Contract, with the approval for the release of announcement provided by Mubadala Petroleum. 7. DIRECTORS AND SUBSTANTIAL SHAREHOLDERS INTEREST None of the Directors and/or the substantial shareholders of VEB and/or persons connected with the Directors and/or substantial shareholders have any interest, direct or indirect in the above Contract. 8. STATEMENT BY DIRECTORS The Board of Directors of VEB is of the opinion that the award of the Contract is in the best interests of VEB Group. This announcement is dated 11 December 2019.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2019	31 Dec 2018	31 Dec 2019	31 Dec 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	178,101	189,875	670,755	573,804
2	Profit/(loss) before tax	14,592	15,521	42,491	-17,563
3	Profit/(loss) for the period	10,201	13,080	33,068	-20,436
4	Profit/(loss) attributable to ordinary equity holders of the parent	10,201	13,106	33,216	-19,528
5	Basic earnings/(loss) per share (Subunit)	0.12	0.16	0.40	-0.24
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3411		0.3404

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Type	Announcement
Subject	OTHERS
Description	VELESTO ENERGY BERHAD ("VEB" OR THE "COMPANY")PROPOSED SHARE CAPITAL REDUCTION
On behalf of the Board of Directors of the Company, Affin Hwang Investment Bank Berhad wishes to announce that the Company proposes to undertake a capital reduction exercise by reducing and cancelling the issued share capital of the Company pursuant to Section 116 of the Companies Act, 2016 (“Proposed Share Capital Reduction”). For avoidance of doubt, the Proposed Share Capital Reduction will not result in: (i) any adjustment to the share price of the Company; (ii) any change in the total number of ordinary shares of the Company (“VEB Shares”) in issue or the number of VEB Shares held by the shareholders of the Company; (iii) any payment to the shareholders of the Company; and (iv) any outflow of cash or change in the net assets of the Company and its subsidiaries, save for the estimated expenses to be incurred in relation to the Proposed Share Capital Reduction. Please refer to the attachment for further details on the Proposed Share Capital Reduction. This announcement is dated 25 February 2020.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3026836

Attachments VEB Announcement - Proposed Capital Reduction (25.02.2020).pdf

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Notice of Person Ceasing (Section 139 of CA 2016)

VELESTO ENERGY BERHAD

Particulars of Substantial Securities Holder

Name	EMPLOYEES PROVIDENT FUND BOARD
Address	Tingkat 19, Bangunan KWSP Jalan Raja Laut Kuala Lumpur 50350 Wilayah Persekutuan Malaysia.
Company No.	EPF ACT 1991
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares
Date of cessation	27 Apr 2020
Name & address of registered holder	CITIGROUP NOMINEES (TEMPATAN) SDN BHDLevel 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur

No of securities disposed	30,000,000
Circumstances by reason of which a person ceases to be a substantial shareholder	Disposal of Shares
Nature of interest	Direct Interest
Date of notice	28 Apr 2020
Date notice received by Listed Issuer	30 Apr 2020

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VELESTO ENERGY BERHAD

Date of change	31 May 2020
Name	PUAN RAFIZA BINTI GHAZALI
Age	48
Gender	Female
Nationality	Malaysia
Type of change	Resignation
Designation	Chief Financial Officer
Reason	For career advancement.

Date of change	01 Jun 2020
Name	PUAN SAZLYNA BINTI SAPIEE
Age	55
Gender	Female
Nationality	Malaysia
Type of change	Appointment
Designation	Chief Financial Officer

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Association of Chartered Certified Accountants (ACCA) Emily Woolf College, London 2 Professional Qualification Fellow Member Association of Chartered Certified Accountants 3 Professional Qualification Member Malaysian Institute of Accountants
Working experience and occupation	Sazlyna Sapiee ("Sazlyna") has about 30 years of experience in various financial management area, including corporate exercises, corporate planning, operational financial management and reporting, audit, internal control and system implementation.Prior to joining Velesto Energy Berhad, Sazlyna was the Group Financial Controller for Sapura Energy Berhad. She was the Director of Finance for Sapura Energy Berhad, Drilling Division in Singapore managing 16 rigs operating globally. She started as audit trainee in Rifson Chartered Accountant in United Kingdom and thereafter was with Faber Group of Companies, part of UEM Group Berhad, with last position as General Manager, Corporate Management Services. Subsequently, she joined Scomi Group as Regional Controller.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	176,269	127,029	176,269	127,029
2	Profit/(loss) before tax	17,732	-19,615	17,732	-19,615
3	Profit/(loss) for the period	16,325	-22,227	16,325	-22,227
4	Profit/(loss) attributable to ordinary equity holders of the parent	16,325	-22,219	16,325	-22,219
5	Basic earnings/(loss) per share (Subunit)	0.20	-0.27	0.20	-0.27
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.3618		0.3411

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VELESTO ENERGY BERHAD

Date of change	10 Jun 2020
Name	DATO' ABDUL RAHMAN AHMAD
Age	51
Gender	Male
Nationality	Malaysia
Designation	Chairman
Directorate	Non Independent and Non Executive
Type of change	Resignation
Reason	Due to his appointment as the Group Chief Executive Officer of CIMB Group Holdings Berhad and Chief Executive Officer of CIMB Bank Berhad.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Professional Qualification	Chartered Accountant	Institute of Chartered Accountants in England and Wales
2	Masters	Masters of Arts in Economics	Cambridge University, United Kingdom

Working experience and occupation

Dato' Abdul Rahman Ahmad ("Dato' Abdul Rahman") began his career at Arthur Andersen, London and later served as Special Assistant to the Executive Chairman of Trenergy (M) Berhad/Turnaround Managers Inc (M) Sdn Bhd. He subsequently joined Pengurusan Danaharta Nasional Berhad, the country's national asset management company as Unit Head and later went on to become Executive Director of SSR Associates Sdn Bhd.Dato' Abdul Rahman was the Group Managing Director/Chief Executive Officer of Malaysian Resources Corporation Berhad and subsequently served the same position for Media Prima Berhad. He was then appointed as the Chief Executive Officer of Ekuiti Nasional Berhad and thereafter served as the President and Group Chief Executive Officer of Permodalan Nasional Berhad.

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Date of change	10 Jun 2020
Name	ENCIK MOHD RASHID MOHD YUSOF
Age	64
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Independent Director
New Position	Chairman
Directorate	Non Independent and Non Executive

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Professional Qualification	Fellow of Association of Chartered Certified Accountants (ACCA)	Chartered Association of Certified Accountants (UK)
2	Professional Qualification	Chartered Accountant	Malaysian Institute of Accountants
3	Professional Qualification	Advanced Management Program	Wharton Business School, Pennsylvania, USA

Working experience and occupation

Mohd Rashid Mohd Yusof ("Rashid Yusof") has over 40 years of oil and gas industry experience. During his years with PETRONAS, he held various financial positions such as Head of Group Accounting, Head of Group Treasury and Head of Group Internal Audit. He was also the Financial Director of Engen Petroleum Limited ("Engen"), before assuming Senior Management positions as the Chief Executive Officer of Malaysian International Trading Corporation Sdn Bhd and later as the Managing Director/ Chief Executive Officer of Engen in South Africa and Vice President of Supply Chain & Risk Management at PETRONAS. As the Managing Director/ Chief Executive Officer of Engen in South Africa, he was the Chairman of the South African Petroleum Industry Association for the year 2007.During the course of his career at PETRONAS, Rashid Yusof has also served as a Director for several companies in the group, including Putrajaya Holdings Sdn Bhd, Enpet Insurance Ltd. (Isle of Man), Trustee of the PETRONAS Retirement Benefit Fund, Director and Chairman of PETRONAS-ICT Sdn Bhd, Director of KLCC (Holdings) Sdn Bhd and Energas Insurance (Labuan) Ltd.Rashid Yusof currently sits on the Board of Scicom (MSC) Berhad, Media Prima Berhad and Standard Chartered Bank Malaysia Berhad. He is also a member of Audit & Risk Committee of the Malaysian Aviation Commission (MAVCOM).