PROPOSED ACQUISITION OF THE ENTIRE EQUITY INTEREST IN AFPS B.V. ("AFPS") BY YINSON BOUVARDIA HOLDINGS PTE. LTD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF YINSON HOLDINGS BERHAD FROM ATLANTA FIELD B.V. BY WAY OF EXERCISING THE CALL OPTION GRANTED PURSUANT TO THE CALL OPTION AGREEMENT DATED 21 FEBRUARY 2022 ("CALL OPTION AGREEMENT") FOR A PURCHASE CONSIDERATION (AS DEFINED HEREIN) EQUIVALENT TO THE OPTION PRICE (AS DEFINED HEREIN) ("PROPOSED ACQUISITION"). THE TOTAL MAXIMUM COSTS FOR THE EXERCISE OF THE CALL OPTION IS ESTIMATED TO BE USD434.7 MILLION (EQUIVALENT TO RM2,006.4 MILLION) (COMPRISING OPTION PRICE OF USD87.9 MILLION (EQUIVALENT TO RM405.7 MILLION) AND USD346.8 MILLION (EQUIVALENT TO RM1,600.7 MILLION) CALL GRANTOR LOAN TO BE DRAWNDOWN BY AFPS), SUBJECT TO ADJUSTMENTS AS DETAILED IN SECTION 2.5 OF THIS CIRCULAR

Circular/Statement to Shareholders in relation to the: Part A - Proposed Amendments to the Constitution of the Company; Part B - Proposed Renewal of Share Buy-Back Authority; and Part C - (I) Proposed Establishment of an Employees' Share Scheme 2023 of up to 10% of the total number of issued shares of Yinson Holdings Berhad ("YHB" or the "Company") (excluding Treasury Shares, if any) ("Proposed ESS2023"); and (II) Proposed Allocation of the Proposed ESS2023 to the Eligible Persons who are Executive Directors of YHB and/or persons connected with them ("Proposed Allocation")