UMW Oil & Gas Corporation Berhad IPO

Company Name: UMW Oil & Gas Corporation Berhad
Main Business: Provider of drilling & oilfield services of the oil & gas industry
Board: Main market
Stock Name: UMWOG
IPO Price: RM 2.80
PAR: RM 0.50
Market Capital: 2.162 bil shares

Timetable for IPO

Date	Description
03-10-2013	Open application
14-10-2013	Close application
17-10-2013	Price determination
18-10-2013	Ballot result
30-10-2013	Allotment shares
01-11-2013	Listing

Total shares offer: 843,180,000 units (39% of total share capital)
1. Total institutional offering shares: 648,600,000 units. (30% of total share capital)
    a. 248,630,000 shares for MITI Bumiputera. (11.5% of total share capital)
    b. 399,970,000 shares for malaysian & foreign institutional and selected investors. (18.5% of total share capital)
2. Total retail offering shares: 194,580,000 units. (9% of total share capital)
    a. 151,340,000 shares for eligible directors and employees of the group, and those have contributed to the company. (7% of total share capital)
    b. 21,620,000 shares for Malaysian public (Bumi). (1% of total share capital)
    c. 21,620,000 shares for Malaysian public (Non-Bumi). (1% of total share capital)

Financial summary:

FYE	Dec 2010	Dec 2011	Dec 2012	(6 Mths) Jun 2012	(6 Mths) Jun 2013
Revenue (RM mil)	348	550	724	383	325
Gross Profit (RM mil)	-41	102	83	57	96
PAT (RM mil)	-47	79	71	47	88
Net EPS* (Cents)	-3.13	5.05	4.65	2.99	5.67
Net EPS** (Cents)	-4.36	7.04	6.48	4.17	7.90

* based on 1.550 bil shares of RM 0.50.
** based on 2.162 bil shares of RM 0.50.

Targeted dividend policy: Nil
Estimated DY: Nil