On 30 June 2016, Singapore Subsidiary and Shenzhen Brightoil Shipping entered into the Termination Agreement, pursuant to which the Vessels Acquisition Agreement as amended by the Amendment on 29 April 2016 was terminated. Reference is made to the announcements of Brightoil Petroleum (Holdings) Limited dated 30 December 2015 and 29 April 2016 in rela tion to the connected transaction on acquisition of ten Vessels and the extension of their completion and delivery.
Unless otherwise defined, capitalised terms use d in this announcement shall have the same meanings as those defined in the Anno uncements.
On 30 June 2016, Singapore Subsidiary and Shenzhen Brightoil Shipping entered into an termination agreement, pursuant to which the Vessels Acquisition Agreement as amended by the Amendment o n 29 April 2016 was terminated.