| Circumstances by reason of which Securities Holder has interest |
Consideration for the acquisition of 70% ordinary shares and 100% non-convertible redeemable preference shares in Regulus Offshore Sdn. Bhd. and 100% ordinary shares in Yinson Camellia Sdn. Bhd. by Icon Offshore Berhad ("Icon") from Yinson Offshore Services Sdn. Bhd. The consideration was satisfied via the issuance of 181,818,182 new Icon shares. |