OSH 0.00% $4.04 oil search limited

Ann: Clarification of items following investor briefing, page-2

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    OSH has recently received a confidential non-binding and indicative change of control proposal. That proposal has
    been carefully assessed by OSH's Board, and Senior Management (excluding Dr Wulff), and our advisers Goldman
    Sachs and Macquarie Capital, as well as legal advisers Allens. Following that assessment, the proposal was rejected
    as it was determined to not be in OSH shareholders' best interests on the terms and value proposed.
 
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Currently unlisted public company.

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