BORNOIL: I. PROPOSED BONUS ISSUE OF UP TO 3,520,107,297 FREE WARRANTS IN BORNEO OIL BERHAD ("BORNOIL" OR THE "COMPANY") ("WARRANT(S) E") ON THE BASIS OF 1 WARRANT E FOR EVERY 4 EXISTING ORDINARY SHARES IN BORNOIL ("BORNOIL SHARE(S)" OR "SHARE(S)") HELD BY THE ENTITLED SHAREHOLDERS WHOSE NAMES APPEAR IN THE COMPANY'S RECORD OF DEPOSITORS ON AN ENTITLEMENT DATE TO BE DETERMINED AND ANNOUNCED LATER ("PROPOSED BONUS ISSUE OF WARRANTS"); AND II. PROPOSED ESTABLISHMENT OF NEW EMPLOYEES' SHARE OPTION SCHEME ("ESOS") OF UP TO 15% OF THE TOTAL NUMBER OF ISSUED SHARES OF BORNOIL (EXCLUDING TREASURY SHARES, IF ANY) AT ANY POINT IN TIME OVER THE DURATION OF THE NEW ESOS ("PROPOSED NEW ESOS")

BORNOIL：I. 建議在公司存款記錄中每持有4股婆諾石油現有普通股（「婆羅石油股份」 或 「股份」）發放最多3,520,107,297份免費認股權證（「BORNOIL」 或 「公司」）（「認股權證E」）的紅利發行最多3,520,107,297份股東的權利日期待定並在稍後公佈（「擬議的認股權證紅利發行」）；以及 II.建議在新ESO（「擬議的新ESO」）期限內的任何時候設立不超過BORNOIL已發行股份總數（不包括庫存股，如果有）15％的新員工股票期權計劃（「ESO」）