The board of Directors (the “Board”) of SUTL Enterprise Limited (the “Company”) wishes to announce that ONE15 Management and Technical Services Pte. Ltd. (“ONE15 Management and Technical Services”), a wholly-owned subsidiary of the Company, has on 31 May 2017 entered into a non-binding Memorandum of Understanding (“MOU”) with PT Pelindo Properti Indonesia (“PT PPI”) to explore the entry into a definitive agreement for PT PPI to appoint ONE15 Management and Technical Services to carry out a marina development study in Boom Banyuwangi in East Java, Indonesia. PT PPI wishes to build and operate a marina in Boom Banyuwangi.

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