The Board of Directors (“Board”) of the Company regrets to announce that an incident occurred on 2 August 2024 at approximately 10:30 p.m. at the Sapar Alpha platform near Bintulu, involving the vessel Icon Amara. We are deeply saddened to report that this incident resulted in two fatalities and one serious injury.

ICON's Emergency Response Team was immediately mobilised to provide the necessary support to the affected crew members and their next-of-kin. We extend our heartfelt condolences to the families of the deceased and our deepest sympathies to the injured and their families. The Company is committed to offering all possible assistance during this difficult time.

An investigation into the cause of the incident is currently underway, and Icon is fully cooperating with the relevant authorities. While the investigation is ongoing, we would like to assure all stakeholders that the vessel Icon Amara, along with its crew members, is fully insured. The Company anticipates that the vessel will be restored to active duty following the completion of the investigation.

Please be informed that there was a delay in releasing details about this incident, as we worked closely with our client and the relevant authorities to ensure all information was accurate and appropriately handled. We appreciate your understanding and patience as we collaborate to address this challenging situation.

The Board wishes to clarify that this incident is not expected to have a material impact on the Company’s overall operations or financial performance. Icon remains committed to the safety and well-being of all personnel, and we will take all necessary steps to prevent the recurrence of such incidents in the future.

This announcement is dated 12 August 2024.