CLAMSHELL DREDGING SDN BHD 622369 M HOME CLAMSHELL

CLAMSHELL DREDGING SDN BHD (622369 -M) HOME CLAMSHELL DREDGING SDN BHD, also known as CDSB, specializes in capital and maintenance dredging works for ports, harbor, marine and oil & gas sectors. It is active in Malaysia and Indonesia and has carried out work in India. CDSB was formed in July 2003 with the objective of utilizing Grab Dredgers as the principle method of carrying out dredging works. A restructuring in 2011 has enabled CDSB to re organize and upgraded it’s grab dredging fleet with larger capacity clamshell dredgers with deeper dredging depths to meet our esteemed clients requirements on their tight schedule and site requirements. With its’ shareholders and CDSB staff dedicated commitment in conjunction with the valued support from our clientele, CDSB management has and will strengthened and maintain our grab dredging fleet to provide quality works and timely completion of dredging works entrusted to us. Of late, the dredging industry has witnessed continued regulatory emphasis on caring for the marine environment to which CDSB has committed and provided the necessary methods and measures to meet the regulatory standards on marine water quality. Likewise, CDSB has placed Safety First in response to our oil & gas sector client’s safety standard.

COMPANY INFORMATIO N REGISTERED ADDRESS MANAGING DIRECTOR : Room 1, 3 rd Floor, See chii wei (cwsee@pc. jaring. my) Wisma Kwong Siew GENERAL MANAGER Lim Boon Hoong (lbh@clamshell. com. my) 149, Jalan Tun H. S. Lee, FINANCE & ADMIN MANAGER Monica Ajong (monica@clamshell. com. my) DATE INCORPORATED : 21 ST JULY 2003 COMPANY REGISTRATION NO. : 622369 -M AUTHORIZED CAPITAL : RM 25, 000 PAID-UP CAPITAL : RM 18, 000 COMPANY SECRETARY : Phang Kim Mee (MAICSA 0791351) Han Monk Tek (MAICSA 7006476) 50000 Kuala Lumpur MALAYSIA OFFICE ADDRESS : No. 1 -3, Jalan USJ 21/3, 47630, UEP Subang Jaya, Selangor, MALAYSIA TELEPHONE : +603 8025 9380, 9351, 9352 FAX : +603 8025 9386 EMAIL : enquiry@clamshell. com. my PRINCIPAL BANKERS : RHB BANK BERHAD, RHB ISLAMIC BANK BERHAD SS 15 Branch OCBC Bank (M) Berhad KL Main Office CIMB Bank Berhad USJ 9 Branch

WHAT WE DO v Port, harbour and quaywall dredging v River, estuary and coastal dredging v Pipeline trenching for cooling water intake/outfall v Sand-winning and beach nourishment v Rock dredging

MISSION AND CORE VALUES CLAMSHELL DREDGING Sdn Bhd aims to be the leader in grab dredging works in Malaysia and South East Asia. We are committed to achieving consistent quality works and believe in making the extra effort to provide superior operating results and above all, delivering on time to our customers. We continuously upgrade, maintain and acquire equipment to the latest technology to increase productivity and improve cost effectiveness as to satisfy the expectations of customers, shareholders And employees. We believe and commit fully to the highest standards of safety, health and environmental responsibility.

Project 2003 - 2005 Project Year Project Name Contract Value Status SEPT 2003 TAWAU MAINTENANCE DREDGING RM 545, 000. 00 COMPLETED OCT 2003 BINTULU MAINTENANCE DREDGING RM 1, 225, 000. 00 COMPLETED SEPT 2003 KERTEH MAINTENANCE DREDGING RM 1, 500, 000. 00 COMPLETED JAN 2004 CAPITAL DREDGING T BINTULU 2 ND INNER HARBOUR RM 37, 791, 000. 00 COMPLETED FEB 2004 MELAKA MAINTENANCE DREDGING RM 880, 000. 00 COMPLETED APR 2004 CAPITAL DREDGING AT SG. RENGIT, JOHOR RM 315, 000. 00 COMPLETED MAY 2004 DREDGING WORK AT WATER FRONT, JOHOR RM 470, 000. 00 COMPLETED MAY 2004 DREDGING WORK AT SIME SEMCORP P. GUDANG, JOHOR RM 110, 000. 00 COMPLETED JULY 2004 DREDGING WORK AT SIME SEMCORP T. RAMUNIA, JOHOR RM 450, 000. 00 COMPLETED AUG 2004 DREDGING WORK AT PENGKALAN EELD, PENANG PORT RM 846, 000. 00 COMPLETED AUG 2004 CHARTER OF VESSEL AT MIRI PROJECT RM 571, 000. 00 COMPLETED OCT 2004 CHARTER OF VESSEL FOR BINTULU 2 ND I. H RM 248, 000. 00 COMPLETED OCT 2004 DREDGING WORK AT CT 4 & CT 5 WHARVES, PULAU INDAH, KLANG RM 525, 000. 00 COMPLETED MAY 2005 DREDGING WORK AT KUALA BELAIT CHANNEL, BRUNEI RM 1, 326, 000. 00 COMPLETED APR 2005 DREDGING OF WORK FRONT FOR HLE SG. SITIAWAN, LUMUT PERAK RM 600, 000. 00 COMPLETED JUNE 2005 CHARTER OF VESSEL AT BALONGAN, INDONESIA RM 1, 927, 000. 00 COMPLETED JUNE 2005 DREDGING WORK AT JIMAH COAL FIRED POWER STATION PD RM 8, 188, 000. 00 COMPLETED AUG 2005 DREDGING WORK AT CT 4 & CT 5 WHARVES PULAU INDAH PORT KLANG RM 470, 000. 00 COMPLETED AUG 2005 DREDGING WORK AT PSC YARD, PULAU JEREJAK PENANG RM 380, 000. 00 COMPLETED AUG 2005 CHARTER OF VESSEL FOR TERENGGANU PROJECT RM 1, 900, 000. 00 COMPLETED NOV 2005 DREDGING WORK AT MELAKA RIVER AND APPROACH CHANNEL RM 1, 200, 000. 00 COMPLETED

Project 2006 - 2008 Project Year Project Name Contract Value Status FEB 2006 NORTHPORT DREDGING AT BERTH 8 TO BERTH 25 RM 1, 789, 600. 00 COMPLETED MAR 2006 DREDGING OF WATER FRONT FOR KENCHANA HL SB SITIAWAN LUMUT RM 525, 000. 00 COMPLETED JUNE 2006 DREDGING WORK AT SDE, TELUK RAMUNIA, JOHOR RM 112, 000. 00 COMPLETED AUG 2006 DREDGING AT TAWAU / SANDAKAN RM 3, 350, 000. 00 COMPLETED JULY 2006 MMHE SEAFRONT AT QUAY NO. 6 PASIR GUDANG, JOHOR FOR ‘KIKIH SPAR LOADOUT’ RM 186, 925. 00 COMPLETED SEPT 2006 DREDGING WORKS AT DKLS LUMUT PERAK RM 312, 000. 00 COMPLETED AUG 2006 DREDGING WORK AT KEMAMAN RM 4, 400. 00 COMPLETED OCT 2006 MAINTENANCE DREDGING WORK AT WESTPORT, PORT KLANG RM 1, 350, 000. 00 COMPLETED NOV 2006 CHARTER OF VESSEL TUG-JETTA 7 & HOPPER INAI ROSE 43 RM 181, 253. 00 COMPLETED DEC 2006 MAINTENANCE DREDGING WORKS – NORTHPORT’S WHARF RM 900, 000. 00 COMPLETED NOV 2006 DREDGING AT BASE EXTENSION AT NORTHERN FOREDHORE – LABUAN RM 2, 000. 00 COMPLETED DEC 2006 CLEARING HIGH SPOTS BERTH & NAG CH. PEL. TG PELEPAS, JOHOR RM 400, 000. 00 COMPLETED JAN 2007 CONST. OF NEW SOUTH & NORTH WHARVES PASIR GUDANG, JOHOR RM 800, 000. 00 COMPLETED JAN 2007 MAINTENANCE DREDGING FERRY TERMINAL TG BELUNGKOR, K. T, JOHOR RM 1, 030, 353. 00 COMPLETED FEB 2007 PENANG BRIDGE WIDENING NORTHERN SIDE RM 2, 295, 000. 00 COMPLETED MAR 2007 UPGRADING BERTH & DREDGING – KEPPEL TERMINAL SINGAPORE RM 2, 253, 432. 00 COMPLETED MAR 2007 DREDGING WORKS AT MIMET, LUMUT PERAK RM 516, 552. 00 COMPLETED APR 2007 MAINTENANCE DREDGING KUANTAN PORT – KUANTAN PORT CONSORTIUM RM 97, 599. 00 COMPLETED APR 2007 DREDGING WORKS JAB LAUT & MARINA, TG PENGELIH, JOHOR RM 500, 000. 00 COMPLETED APR 2007 DREDGING OF WATERFRONT – KENCHANA HL, SG. SITIAWAN, LUMUT PERAK RM 303, 450. 00 COMPLETED

Project 2006 - 2008 Project Year Project Name Contract Value Status APR 2007 CHARTER OF SPLIT HOPPER ‘JETTA 21’ – PONTIANAK, INDONESIA RM 630, 000. 00 COMPLETED MAY 2007 TANJUNG BIN WATER SUPPLY PIPELINE – SG. PULAI TG BIN, JOHOR RM 900, 000. 00 COMPLETED JUN 2007 MAINTENANCE DREDGING – NBCT & BUTTERWORTH WHARVES (BWCT) RM 112, 414. 00 COMPLETED JULY 2007 DREDGING AT NORTHPORT FRONTS & SOUTHPOINT BERTH, PORT KLANG RM 550, 000. 00 COMPLETED JULY 2007 DREDGING AT EXISTING LIQIUD CHEMICAL BERTH (LCB) JETTY KEMAMAN RM 950, 000. 00 COMPLETED SEPT 2007 DREDGING WORK AT MARINA, PULAU INDAH KLANG RM 265, 000. 00 COMPLETED SEPT 2007 DREDGING WORK AT PULAU DUYUNG KUALA TERENGGANU + PAKA QUARRY RM 1, 250, 000. 00 COMPLETED SEPT 2007 CHARTER OF JETTA 7 AT NBCT, PENANG RM 275, 000. 00 COMPLETED OCT 2007 MAINTENANCE DREDGING AT BINTULU PORT, SARAWAK – FIFTH YR 2007 RM 695, 000. 00 COMPLETED OCT 2007 DREDGING WORK AT PSC, PULAU JEREJAK, PENANG RM 800, 000. 00 COMPLETED NOV 2007 DREDGING WORKS FOR MAARI LOADOUT PURPOSE AT MHP, KENCHANA LUMUT RM 1, 790, 000. 00 COMPLETED FEB 2008 DREDGING WORKS AT JOHOR PORT’S WATERFRONT, JOHOR RM 1, 100, 000. 00 COMPLETED FEB 2008 DREDGING OF SEAFRONT AT QUAY NO. 6 FOR ANGEL TOPSIDE LOADOUT, MMHE JOHOR & VARIATION ORDER : DREDGING WORKS AT QUAY NO. 1 AND DOCK GATES, MMHE RM 900, 000. 00 COMPLETED MAC 2008 DREDGING WORKS AT ASIAFLEX FACTORY, TANJUNG LANGSAT JOHOR RM 2, 100, 000. 00 COMPLETED MAC 2008 DREDGING WORK AT SUPPLY AND INSTAL. OF JETTY EQUIP. AT LUMUT PORT RM 1, 580, 000. 00 COMPLETED APR 2008 MAINTENANCE DREDGING WORKS AT 50 M ZONE FRONTAGE OF STARCRUISE RM 600, 00. 0. 00 COMPLETED MAY 2008 DREDGING WORKS AT WESTPORT DEVELOPMENT-CONSTRUCTION AND COMPLETION OF CT 5 WHARF AND ACCESS BRIDGES AT WESTPORT, PULAU INDAH, PORT KLANG RM 500, 000. 00 COMPLETED MAY 2008 DREDGING WORKS AT PEMBINAAN MARINA DI MUARA SUNGAI MELAKA, MELAKA RM 2, 700, 000. 00 COMPLETED JULY 2008 MAINTENANCE DREDGING WORKS AT PENANG PORT BUTTERWORTH WHARF AND NORTH BUTTERWORTH CONTAINER TERMINAL WHARF FRONTAGES RM 900, 000. 00 COMPLETED

Project 2006 - 2008 Project Year Project Name Contract Value Status SEPT 2008 DREDGING WORKS AT NORTHPORT’S WHARF FRONT, NORTHPORT (1 ST CYCLE 2008) RM 2, 666, 800. 00 COMPLETED SEPT 2008 DREDGING WORKS AT DEVELOPMENT FOR DEEPWATER FACILITIES AT QUAY 6 (MMHE) PASIR GUDANG JOHOR RM 6, 949, 800. 00 COMPLETED SEPT 2008 KERJA-KERJA PENGERUKAN DI PORT DICKSON, NEGERI SEMBILAN RM 200, 000. 00 COMPLETED NOV 2008 DREDGING WORKS FOR BO-CPP TOPSIDES LOADOUT FOR MS SIME DARBY ENGINEERING SDN BHD RM 3, 420, 000. 00 COMPLETED DEC 2008 MAINTENANCE DREDGING WORKS AT PENANG PORT WHARVES AND BERTHING AREAS RM 547, 956. 00 COMPLETED

Project 2009 - 2011 Project Year Project Name Contract Value Status JAN 2009 KERJA-KERJA PENGERUKAN DI BATU UBAN, PULAU PINANG RM 957, 100. 00 COMPLETED JAN 2009 DREDGING WORKS AT STEAM POWER PLANT PLTU 2 BANTEN LABUAN 2 X 300 MW LABUAN INDONESIA RM 2, 855, 257. 93 COMPLETED JAN 2009 DREDGING WORKS AT WHARF 4 & WHARF 5 PELABUHAN TANJUNG PELEPAS JOHOR RM 135, 000. 00 COMPLETED APR 2009 CAPITAL DREDGING AT JSW JAIGARH PORT (DISTRICT OF MAHARASHTRA) JAIGARH INDIA RM 5, 988, 666. 94 COMPLETED APR 2009 NORTHPORT EMERGENCY DREDGIGN AT W 17, W 18, W 19 & W 20 RM 680, 000. 00 COMPLETED MAY 2009 MAINTENANCE DREDGING AT WESTPORT KLANG RM 5, 767, 907. 29 COMPLETED SEPT 2009 P 2 X-LOADOUT JETTY BATU KAWAN SEBERANG PERAI SELATAN, PULAU PINANG (DREDGING OF ACCESS CHANNEL FROM MAIN CHANNEL TO LOADOUT JETTY) RM 2, 764, 113. 00 COMPLETED NOV 2009 EMERGENCY DREDGING WORKS AT WHARF 2 PENANG PORT PENANG RM 449, 400. 00 COMPLETED FEB 2010 DREDGING WORKS AT PT. CPI’S OIL WHARF SEABED MAINTENANCE IN DUMAI RM 715, 000. 00 COMPLETED FEB 2010 DREDGING WORKS FOR CILI PADI GAS FIELD DEVELOPMENT PROJECT F 23 R-A TOPSIDE & JACKET TELUK RAMUNIA (YARD A & B) RM 1, 307, 000. 00 COMPLETED MAC 2010 PROVISION OF MAINTENANCE DREDGING WORKS AT KERTIH MARINE FACILITIES RM 1, 150, 000. 00 COMPLETED MAY 2010 DREDGING WORKS AT SOUTH WHARF FOR LOADOUT KNPG FOR SIME DARBY ENGINEERING SDN BHD PASIR GUDANG RM 1, 150, 00 COMPLETED JULY 2010 DREDGING WORKS FOR PAKEJ BA/WP 2 -SEA WATER INTAKE SYSTEM & ASSOCIATED WORKS SETIU TERENGGANU RM 1, 150, 000. 00 COMPLETED OCT 2010 MAINTENANCE DREDGING WORKS AT NORTHPORT WHARVES FRONTAGE (W 8 -25) AND SOUTHPOINT (W 1 -7 A) RM 1, 700, 000. 00 COMPLETED NOV 2010 DREDGING WORKS FOR CONSTRUCTION AND COMPLETION OF FIRST 300 M OF CT 6 WHARF (B 17) AND ACCESS BRIDGE AT WESTPORT RM 1, 709, 812. 50 COMPLETED JAN 2011 CHARTER OF HOPPER BARGE IR 33 & IR 41 FOR KUALA PERLIS PROJECT BY MMDC RM 354, 000. 00 COMPLEETD APR 2011 MAINTENANCE DREDGING WORKS AT PASSENGER JETTY PULAU KETAM PORT KLANG RM 432, 000. 00 COMPLETED