Ezra Holdings Limited ("Ezra") wishes to announce that EMAS Energy Services Pte Ltd ("EMAS", whose ultimate holding company is Ezra) has subscribed for 49 ordinary shares at US$1.00 each in Loyz NZ Ventures Limited ("Loyz NZ") for a total consideration of US$49.00. The main activity of Loyz NZ is to explore business opportunities in the oil and gas sector. EMAS will hold 49% whilst the balance interest of 51%, comprising 51 ordinary shares, is held by Loyz Oil Pte. Ltd., a wholly-owned subsidiary of Loyz Energy Limited ("Loyz Energy").
Mr. Lionel Lee Chye Teck is a director of Ezra and a controlling shareholder of both Ezra and Loyz Energy.
Save as aforesaid, other than interests held through Ezra and Loyz Energy as shareholder, none of the directors and controlling shareholders of Ezra has an interest, direct or indirect, in the setting up of Loyz NZ.