Tanjung Offshore Wins Supply Vessel Contracts

Tanjung Offshore Berhad's subsidiary, Tanjung Offshore Services Sdn Bhd has been awarded contracts by Truong San Joint Operating Company and Talisman Malaysia Limited to provide a straight supply vessel (SSV). The total value of both contracts is approximately Ringgit Malaysia Fifty Million (RM50,000,000).

The contracts for the provision of the MV Tanjung Pinang 3, from Truong San Joint Operating Company (based in Vietnam) is on spot basis for four months effective September 15, 2007. Thereafter, the same vessel will be chartered to Talisman Malaysia Limited on a long term basis for approximately four years.