Oiltek International Limited in its AGM held on April 24, 2023 approved the payment of a final tax-exempt one-tier dividend of 1.20 Singapore cents per ordinary share (the "Final Dividend") for the financial year ended 31 December 2022, the Share Transfer Books and Register of Members of the Company will be closed at 5.00 p.m. on 4 May 2023 for the purpose of determining the shareholders' entitlements to the Final Dividend. Duly completed registrable transfers received by the Company's Share Registrar, B.A.C.S. Private Limited at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896 up to 5.00 p.m. on 4 May 2023 will be registered to determine shareholders' entitlements to the Final Dividend. Members whose securities accounts with The Central Depository (Pte) Limited ("CDP") are credited with shares in the Company as at 5.00 p.m. on 4 May 2023 will be entitled to the Final Dividend on the basis of the number of shares standing to the credit of their securities accounts with CDP as at 5.00 p.m. on such date.

The Final Dividend is expected to be paid on or about 11 May 2023.