DESTINI Annual Report 2018

• Destini Armada Pte Ltd acquired 70% stake in AMS Marine Pte. Ltd, a Singapore- based company that is in the business of design, fabrication and servicing of heat exchangers, fabrication, installation and erection of piping and steelworks and non- destructive testing to the marine and oil and gas industry. 2018 APRIL • Destini Engineering Technologies Sdn. Bhd. (“DETSB”) inked an MOU with Felcra Berhad to provide MRO services for industrial facilities and equipment for the agriculture and related industries within Malaysia and the ASEAN region. • DOS was awarded a two-year umbrella contract by PETRONAS Carigali Sdn Bhd (“PCSB”) for the provision of well abandonment integrated services. • DPSB accepted an award from the Ministry of Defence Malaysia for an additional RM138 million to an existing contract to provide MRO services and the supply of safety and survival equipment for the RMAF. MAY • DOS was awarded a US$8 million (RM31.76 million) contract to be Pakistan-based Lyallpur Oil Tool Pvt Ltd’s technical partner for tubular running services in Pakistan. JUNE • Destini incorporated a new wholly- owned Destini Empire Properties Sdn Bhd which is in the business of acquiring by purchase, lease, exchange, hire or otherwise, lands and property of tenure, buildings or any shares and interests. JULY • The Group received a conditional work order for the provision of well abandonment integrated services for Pulai B platform, off the coast of Terengganu. This came under the the two-year umbrella contract by PCSB for the provision of well abandonment integrated services that Destini received in April. AUGUST • DOS received an award from POSCO Daewoo Corporation for the provision of tubular running services in Myanmar for US$5.2 million (RM21.17 million). DECEMBER • DOS was awarded the provision of tubular handling, conductor installation and slot recovery equipment and service for the Pan Malaysia Petroleum Arrangement Contractor (“PAC”) Operators Drilling Program by PCSB. DESTINI BERHAD ANNUAL REPORT 2018 9