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Ping Petroleum UK Limited: Fixed income investor calls

Ping Petroleum UK Limited (the "Company") has mandated Pareto Securities as Sole Manager to arrange a series of fixed income investor calls commencing on 23rd June, 2021. A senior secured bond issue of up to USD 50 million with a 3-year tenor may follow, subject to, inter alia, market conditions. Net proceeds from the bond issue will be used to finance project expenditures related to the Company's core Anasuria Cluster assets and for general corporate purposes.

21st June, 2021

For further information, please contact

Pareto Securities
16 Collyer Quay #27-02
Income at Raffles
Singapore 049318
+65 6408 9800

For media related queries, please contact

Sharifah Kasim Al Edrus
Head, Group Corporate Communications & Sustainability

Dagang NeXchange Berhad
Dagang Net Tower, Block 10 (A&B) Corporate Park,
Star Central, Lingkaran Cyberpoint Timur, Cyber 12,
63000 Cyberjaya, Selangor

Phone: +603-8230 6900
Fax: +603-8230 6969