The Board of Directors of KS Energy Limited referred to the announcements dated 21 December 2018, 22 February 2019 and 16 July 2019 in relation to a contract awarded for the KS Java Star 2 jack- up drilling rig. Further to the Previous Announcements, the Directors announced that a contract extension has been awarded. The expected value of the firm contract extension is approximately USD 6.1 million.