| Circumstances by reason of which change has occurred |
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 ("Consideration Shares"). |