Cover Picture:Esso Malaysia Berhad meets the daily energy needs of Malaysians by providing high quality products and services.

Contents

Financial Highlights

Chairman’s Statement

Penyata Pengerusi

Five-Year Summary Charts

Board of Directors /Lembaga Pengarah

Profile of Directors

Corporate Citizenship Highlights

Corporate Information

Corporate Governance

Board Audit Committee Report

Report of the Directors

Report of the Auditors

Financial Statements

Information on Stockholdings

List of Major Properties Owned

Notice of Annual General Meeting

Statement Accompanying Notice ofAnnual General Meeting

Notis Mesyuarat Agung Tahunan

Penyata Yang Dilampirkan BersamaNotis Mesyuarat Agung Tahunan

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2007 2006 %RM Million RM Million Change

Revenues 9,740 9,336 4

Profit after tax 57 7 714

Earnings per ordinary stock unit (sen) 21.2 2.6 715

Gross dividend per ordinary stock unit (sen) 12 12 -

Total assets employed 2,700 2,006 35

Total shareholders’ funds 667 634 5

Sales volume 94 93 1(thousands of barrels per calendar day)

FINANCIAL HIGHLIGHTS

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Last year’s Annual General Meeting provided shareholdersthe opportunity to interact with EMB Directors and seek clarification on the Company’s operations and performance

ESSO MALAYSIA BERHADA

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On behalf of the Board of Directors, I am pleased to report on the financial and operating performance of the Company for the year ended

December 31, 2007.

The Company recorded an after tax profit of RM57 million for 2007, compared to RM7 million earned in 2006. Revenues in 2007 were RM9.7 billion, an increase of 4% over the prior year, reflecting higher product prices.

The Company turned in a profitable year despite a tough business environment. Refining margins were impacted by rising crude prices, but the impact was offset by continued strength in the controlled products sector.

Operating performance for the year was strong. Our plants and terminals continued to record excellent operations, and maintained high levels of safety, health and environmental performance. Port Dickson Refinery completed 11 years of continuous operations without an employee lost time injury and won a Grand Award from the Malaysian Society for Occupational Safety and Health (MSOSH). The Company's three distribution terminals won MSOSH Gold Awards.

Crude throughput at the refinery averaged 70 thousand barrels a day. A number of new crudes were successfully introduced to diversify the crude diet and reduce feedstock costs. Other self-help measures and initiatives were undertaken during the year, including blending optimization in motor gasoline and diesel production.

Competition remained intense in the retail business. The Company maintained our strategy of keeping pace with industry, opening six new service stations and investing RM37 million mainly in retail site acquisitions and construction of service stations in high growth areas. Competitive retail promotional programmes were conducted during the year to increase brand awareness and loyalty card penetration.

We grew sales volumes and captured market share in the industrial fuels, and our liquefied petroleum gas business remained profitable although somewhat impacted by the high cost of cylinders due to rising steel prices.

2007 Financial Results

Review of Operations

Chairman’s Statement

EMB and her sister companies swept a total of seven MSOSH Awards for safety performance in 2007.

Liam M. MallonChairman

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EMB offers convenience, quality and value to customers on the move at our retail service stations.

At the LPG botting plant in Port Dickson, Essogas cylinders are filled before being sent to customers across the country.

In the intensely competitive and high-margin lubricants business, the Company launched a major initiative to optimize and rebrand our range of product offerings under the strong Mobil brand. In the specialties business we recorded healthy growth during the year from a return to more stable supplies of asphalt.

The Company maintained its long standing commitment to contribute to the local community in the areas where it operates. We funded programmes aimed at promoting academic excellence in science and engineering, improving the use of English and enhancing computer literacy. Scholarships were awarded to primary and secondary students through the ExxonMobil Education and Scholarship Fund. Our employees and their families continued to contribute their personal time and effort through a number of employee volunteer programmes.

The expected continued growth of the Malaysian economy in 2008 will fuel increasing demand for petroleum products. However competition will remain intense and market price volatility will continue to put pressure on product margins. In this environment, our strategy remains focused on product and service quality, flawless and safe operations, and cost control. The Company will continue efforts to enhance operating efficiency and grow our retail network through selective investment in high growth areas.

Business Outlook

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Dividends for Financial Year 2007

Board Matters

In consideration of the Company's business performance and our objective of continuing to provide a steady return to shareholders, the Board proposes a dividend for the year ended December 31, 2007 of 12 sen less Malaysian income tax at 26% per ordinary stock unit. This matches the dividend for the 2006 financial year.

There were no changes in the Board composition during the year.

On behalf of the Board, I would like to thank our employees for their continued hard work and dedication. The petroleum refining and marketing business remains challenging and the Company's success is highly dependent on the skills, abilities and commitment of each employee to overcome these challenges. I also express my appreciation to our shareholders, dealers and customers for their continued support of Esso Malaysia Berhad.

Liam M. MallonChairman

March 28, 2008

EMB continues to expand its service station network and Smiles Driver Rewards programme to bring greater value to customers.

At the Port Dickson Refinery, a technician conducts safety checks as part of our unrelenting focus on flawless operations.

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Bagi pihak Lembaga Pengarah, dengan sukacitanya, saya melaporkan prestasi kewangan dan operasi Syarikat bagi tahun berakhir 31

Disember, 2007.

Syarikat telah mencatatkan keuntungan selepas cukai sebanyak RM57 juta pada tahun 2007, berbanding RM7 juta pada tahun 2006. Hasil bagi tahun 2007 yang berjumlah RM9.7 bilion, peningkatan sebanyak 4% berbanding tahun sebelumnya, mencerminkan harga produk yang lebih tinggi.

Syarikat juga telah berjaya mencatat keuntungan walaupun di dalam persekitaran urus niaga yang sukar. Margin penapisan telah menerima impak dari harga minyak mentah yang terus meningkat, tetapi impak tersebut telah dapat diimbangkan oleh kemantapan berterusan dalam sektor produk petroliam berkawal.

Prestasi operasi bagi tahun semasa adalah kukuh. Terminal dan loji penapisan terus mencatatkan tahap operasi yang cemerlang, dan mengekalkan tahap prestasi yang tinggi dalam operasi keselamatan, kesihatan dan alam sekitar. Loji Penapisan Port Dickson berjaya menyempurnakan 11 tahun operasi yang berterusan tanpa sebarang kecederaan bagi kakitangan dan telah memenangi Grand Award daripada Malaysian Society for Occupational Health (MSOSH). Tiga terminal pengedaran Syarikat juga telah memenangi Anugerah Emas MSOSH.

Secara purata, kuantiti minyak mentah yang telah diproses di loji penapisan adalah sebanyak 70 ribu tong sehari (kbd). Beberapa jenis minyak mentah baru telah diperkenalkan dengan jayanya sebagai langkah mempelbagaikan jenis minyak mentah yang digunakan dan mengurangkan kos bahan mentah. Langkah-langkah dan inisiatif lain juga telah diambil pada tahun 2007, termasuk mengoptimumkan pencampuran di dalam pengeluaran minyak disel dan gasolin.

Persaingan terus sengit di dalam sektor urus niaga runcit. Syarikat telah dapat mengekalkan strategi untuk terus bersaing rapat dengan industri, dengan membuka enam stesen servis baru dan melabur RM37 juta terutamanya untuk memperolehi tapak-tapak dan membina stesen servis yang baru di kawasan pertumbuhan tinggi. Program promosi yang kompetitif bagi urus niaga runcit juga telah dijalankan pada tahun 2007 bagi meningkatkan lagi kesedaran terhadap jenama dan menembus pasaran kad loyalti.

Keputusan Kewangan 2007

Ulasan Operasi

Liam M. MallonPengerusi

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Penyata Pengerusi

Di On the Run Café, pelanggan boleh menikmati sajian yang berkhasiat seperti ayam panggang yang enak serta snek panas.

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Syarikat terus mengembangkan rangkaian jualan runcit dengan membina stesen servis baru di kawasan pertumbuhan tinggi.

EMB menyediakan produk dan perkhidmatan berkualiti tinggi seperti sistem bahanapi synergy, dan On the Run café di kedai serbaneka On the Run dan stesen servis Esso.

Syarikat juga telah berjaya menambah kuantiti jualan dan menawan sebahagian pasaran urus niaga bahanapi industrial. Urus niaga petroliam gas cecair terus mencatatkan keuntungan walaupun telah menerima impak dari kos silinder yang tinggi akibat dari harga besi keluli yang terus meningkat. Bidang urus niaga minyak pelincir bermargin tinggi menunjukkan persaingan sengit. Syarikat telah mengambil langkah untuk melancarkan satu inisiatif utama bagi mengoptimumkan dan menjenama semula produk-produk yang ditawarkan kepada jenama Mobil yang sememangnya mantap. Dalam urus niaga produk khas, Syarikat telah mencatatkan satu pertumbuhan yang sihat pada tahun 2007 dengan adanya bekalan asfalt yang lebih stabil.

Syarikat juga terus mengekalkan komitmen untuk terus memberi sumbangan kepada masyarakat tempatan di kawasan-kawasan di mana Syarikat beroperasi. Syarikat telah memberi sokongan kewangan kepada program-program yang bertujuan menggalakkan kecemerlangan akademik dalam bidang sains dan kejuruteraan, mempertingkatkan lagi penggunaan Bahasa Inggeris dan celik-huruf komputer. Biasiswa juga telah dianugerahkan kepada pelajar-pelajar sekolah rendah dan menengah melalui "ExxonMobil Education and Scholarship Fund". Kakitangan-kakitangan Syarikat dan keluarga mereka terus menyumbangkan usaha dan masa peribadi mereka di dalam beberapa program-program sukarela.

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Prospek Perniagaan

Dividen bagi Tahun Kewangan 2007

Perihal Lembaga Pengarah

Ekonomi Malaysia yang dijangka terus bertumbuh pada tahun 2008 akan terus menyemarakkan peningkatan permintaan bagi produk-produk petroliam. Walau bagaimanapun, persaingan sengit akan berterusan dan harga pasaran yang bergolak akan terus memberi tekanan ke atas margin bagi produk-produk. Dalam persekitaran sedemikian, strategi Syarikat akan terus bertumpu kepada kualiti produk dan servis, operasi yang cemerlang dan selamat, dan mengawal kos. Syarikat juga akan meneruskan segala usaha untuk memperhebatkan lagi kecekapan operasi dan mengembangkan rangkaian urus niaga runcit melalui pelaburan secara terpilih di kawasan-kawasan pertumbuhan tinggi.

Berdasarkan prestasi urus niaga Syarikat dan objektif untuk terus memberi pulangan yang tetap kepada p e m e g a n g s a h a m , L e m b a g a P e n g a r a h mencadangkan dividen sejumlah 12 sen, ditolak cukai pendapatan sebanyak 26% bagi setiap satu unit saham, bagi tahun berakhir 31 Disember 2007. Kadar dividen tersebut adalah setanding dengan kadar dividen yang telah dibayar bagi tahun kewangan 2006.

Tiada sebarang perubahan di dalam komposisi Lembaga Pengarah pada tahun 2007.

Bagi pihak Lembaga Pengarah, saya ingin mengucapkan terima kasih kepada semua kakitangan Syarikat di atas usaha gigih dan dedikasi mereka yang berterusan. Urus niaga penapisan dan pemasaran terus kekal mencabar dan kejayaan Syarikat bergantung sepenuhnya kepada kemahiran, keupayaan dan komitmen setiap kakitangan bagi mengatasi cabaran-cabaran tersebut. Saya juga ingin merakamkan penghargaan kepada pemegang-pemegang saham, pengedar, dealers, dan pelanggan-pelanggan di atas sokongan yang berterusan kepada Esso Malaysia Berhad.

Liam M. MallonPengerusi

28 Mac, 2008

Di Loji Penapisan Port Dickson, juruteknik syarikat membuat pemeriksaan keselamatan bagi memastikan operasi yang cemerlang.

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Loji Penapisan Port Dickson dan terminal pengedaran kami berjaya mencatatkan rekod keselamatan yang baik dengan operasi selama 11 tahun berterusan tanpa sebarang kecederaan bagi kakitangan.

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Mr. Liam M. Mallon

Y. Bhg. Tan Sri Dato' Dr. Syed Jalaludin Syed Salim

Y. Bhg. Tan Sri Abdul Halim Ali

Y. Bhg. Dato' Zainal Abidin Putih

ChairmanB.Sc.(Hons.) Mechanical Engineering, Trinity College, Dublin, Ireland;M.Sc (Hons.) in Petroleum Engineering, Heriot-Watt University, Edinburgh, Scotland.

Mr. Liam M. Mallon, aged 45, an Irish citizen, was appointed Director and Chairman of the Company on September 14, 2006. He started his career in the industry in 1984 and spent the first 6 years with British Petroleum in Aberdeen, Scotland and with Expro International Limited in China. Mr. Mallon joined Mobil in 1990 and, over a period of 8 years, held a variety of progressively senior positions where he had opportunity to develop his technical and supervisory capabilities. From 1998 to 2000, he was the Operations Manager of Mobil Producing Nigeria Unlimited from where he moved to ExxonMobil in Australia, in the same capacity, until 2003. From 2003 until 2004 he was based in Houston, Texas as the Planning Manager of ExxonMobil Production Company. In December 2004 he was appointed the President of ExxonMobil Canada Ltd; a position he held until his appointment in 2006 as the Chairman of the ExxonMobil Subsidiaries in Malaysia.

Independent Non-Executive Director and Alternate Member to Y. Bhg. Tan Sri Abdul Halim Ali and Y. Bhg. Dato' Zainal Abidin Putih on the Board Audit CommitteeP.S.M., D.S.S.A., D.P.M.P., J.S.M.F.A. Sc., B.V.Sc., University of Punjab, M.Phil. and Ph.D., University of London D.Sc.,Honoris Causa, University of Hull, U. K. D.Sc, Honoris Causa, Soka University, JapanD.Agriculture Technology,Honoris Causa, Thaksin University, Thailand, D.Sc., Honoris Causa, Open University Malaysia.

Y. Bhg. Tan Sri Dato' Dr. Syed Jalaludin Syed Salim, aged 64, a Malaysian and a national science laureate, as well as a founder fellow of the Academy of Sciences Malaysia, was appointed Director of the Company on February 15, 2000. He had a long illustrious academic carrier in both University Malaya and University Putra Malaysia (UPM) before retiring as Vice Chancellor of UPM in 2001. He was responsible for transforming UPM to become one of the leading centres of higher education. As an accomplished academician, he has helped found many academic societies and associations, and has published over 350 papers in journals and proceedings in the fields of animal science, university management and education. For his meritorious career and services, he has received numerous awards, decorations and honours nationally as well as internationally. He retired from UPM in April 2001. He is the Chairman of Bank Kerjasama Rakyat Malaysia Berhad, Kejuteraan Samudra Timur Berhad, Ecofirst Consolidated Berhad, Taylor’s Education Berhad and Halal Industry Development Corporation. He is also a Director of TAFI Industries Berhad.

Independent Non-Executive Director and Member of the Board Audit CommitteeP.M.N., P.J.N., S.P.M.S., S.I.M.P., D.G.S.M., D.H.M.S., D.S.D.K., J.S.M., K.M.N.B.A. (Hons.), University of Malaya

Y. Bhg. Tan Sri Abdul Halim Ali, aged 64, a Malaysian, was appointed Director of the Company on May 22, 2001. Upon graduation from University of Malaya, he joined the Ministry of Foreign Affairs in 1966. After several domestic and foreign postings, he was appointed the Malaysian Deputy Permanent Representative to the United Nations in 1979. He was appointed Ambassador to Vietnam in 1982 and returned to Malaysia in 1985 to be Deputy Secretary General in the Ministry of Foreign Affairs before being appointed Ambassador to Austria. In 1991, he again returned to Malaysia to be Deputy Secretary General I in the Ministry of Foreign Affairs and in 1996 he was promoted to Secretary General. In July 1998, he was appointed Chief Secretary to the Government, the highest ranking civil service post in the country and was responsible for overseeing and coordinating the policies of the government and their implementation. He retired as Chief Secretary to the Government in March 2001. He currently is the Chairman of the Multimedia Development Corporation, and he is also a Director of Malaysia Building Society Berhad, Malakoff Corporation Berhad, Zelan Berhad, IJM Corporation Berhad and LCL Corporation Berhad.

Independent Non-Executive Director and Chairman of the Board Audit CommitteeD.S.N.S., FCA (ICAEW), CA (M), CPA (M)

Y. Bhg. Dato' Zainal Abidin Putih, aged 62, a Malaysian, was appointed Director of the Company on March 6, 2003. Upon qualifying from the Institute of Chartered Accountants in England and Wales, he joined the firm of Hanafiah Raslan & Mohamad, which merged with Ernst & Young in July 2002. He has extensive experience in audit having worked as a practicing accountant throughout his career covering many principal industries including banks, insurance, energy, transport, manufacturing, government agencies, plantations, properties, hotels, investment companies and unit trusts. He also has a good working knowledge of taxation matters and management consultancy, especially in the areas of acquisitions, takeovers, amalgamations, restructuring and public listing of companies. He plays an active role in the community and the corporate world being the Past President of the Malaysian Institute of Certified Public Accountants. He was also a member of the Malaysian Communication & Multimedia Commission, a body set up by the Malaysian government to oversee the orderly development of the Multimedia and Telecommunication industry in Malaysia. He was the Chairman of Pengurusan Danaharta Nasional Berhad and is the Chairman of the Malaysian Accounting Standards Board (MASB). He is currently a director of Tenaga Nasional Berhad and a director of the Bumiputra-Commerce Holdings Berhad, including its subsidiaries CIMB Bank Berhad and CIMB Investment Bank Berhad. He also acts as a Trustee of the National Heart Institute Foundation.

ESSO MALAYSIA BERHAD

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Zain C. Willoughby

Abu Bakar Siddik Che Embi

Faridah Ali

Lam Foo Keong

Executive Financial Director and Member of the Board Audit CommitteeB.Sc. (Hons.) Physics, King's College, University of London

Encik Zain C. Willoughby, aged 48, a Malaysian, was appointed Financial Director of the Company on August 10, 2004. He started his career in ExxonMobil when he joined Esso Malaysia Berhad as a Systems Analyst in 1985. During his career, he has held a number of staff and managerial positions within ExxonMobil's Information Services, Exploration, Controller's, Audit, Treasurers’ and Tax organisations. In 1996, he was assigned to Exxon Mobil Corporation's headquarters in Irving, Texas, as Senior Financial Analyst. His last assignment in the U.S.A. prior to returning to Malaysia as Treasurer, was as Financial Advisor to ExxonMobil affiliates in several countries in the Asia-Pacific. He was also the Tax Manager for the ExxonMobil Subsidiaries in Malaysia prior to his appointment in 2007 as the In-country Controller of the ExxonMobil Subsidiaries in Malaysia.

Executive Refinery DirectorB.Sc. (Hons.) Chemical Engineering, Leeds University, United Kingdom

Encik Abu Bakar Siddik Che Embi, aged 55, a Malaysian, was appointed Refinery Director of the Company on September 1, 2003. He started his career with the Port Dickson Refinery in 1976 and held various technical, operational and supervisory positions in the Refinery until 1990, when he was assigned to the Baytown Refinery, Exxon U.S.A., for about three years. In this assignment, he held the position of Technical Advisor and a number of leadership roles in the Process Department. Following that, he spent six months with Exxon Company International’s Refinery Dept. in Florham Park, New Jersey as Refinery Advisor. In 1994, he returned to Malaysia and assumed the position of Deputy Manufacturing Manager of the Port Dickson Refinery. In 1995, he was promoted to Manufacturing Manager and held this position until 2003, when he was appointed Refinery Director.

Executive Retail Business Director B.Sc. (Hons) Accounting, University of East Anglia, Norwich, ACA (England & Wales)

Puan Faridah Ali, aged 43, a Malaysian, was appointed Retail Business Director of the Company on June 13, 2005. She began her career in ExxonMobil Malaysia Sdn Bhd, and over a period of 15 years, held supervisory roles in various functions including financial accounting, costing, planning, financial analysis, human resources and retail business. In 2000, after the merger of Exxon Corporation and Mobil Corporation in the United States of America, she assumed the position of Marketing Support Manager and subsequently South East Asia Business Analysis and Reporting Manager before assuming her current position.

Executive Treasury Director and Alternate Member to Encik Zain C. Willoughby on the Board Audit CommitteeB. Econs. (Hons.), University of Malaya

Mr. Lam Foo Keong, aged 57, a Malaysian, was appointed Treasury Director of the Company on April 1, 2006. Upon graduation from the University of Malaya he joined Kassim Chan/Deloitte as an auditor in 1974. He started his career with Esso Malaysia Berhad in 1975 in Controller's. During his career he has held a number of supervisory and managerial positions of increasing responsibility in various departments including as Downstream Financial Reporting Manager, Downstream Controller, Upstream Offshore Accounting Manager, Corporate Finance Manager, Finance & Planning Manager, and Area Business Support Centre Manager. Lam has also completed overseas assignments with Esso Eastern Inc and Exxon Company, USA Controller's in Houston and New Orleans and with ExxonMobil Asia Pacific Pte. Ltd.’s Chemical Complex Project in Singapore. He was appointed Treasurer of the ExxonMobil Subsidiaries in Malaysia on April 1, 2006.

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Corporate Citizenship Highlights

ESSO MALAYSIA BERHAD

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As corporate citizens in the global energy community, we are

mindful of the importance of the resources we develop and

deliver, and the products we manufacture. We are committed

to being a good neighbour, by promoting and protecting

employees, communities and the environment which is critical

in ensuring long term sustainability and value for our business.

At Esso Malaysia Berhad, we apply a rigorous approach to

corporate citizenship in all aspects of our businesses in order to

deliver our main responsibility of meeting the nation's energy

demand in a manner that is reliable, safe, socially as well as

environmentally responsible.

This section describes how Esso Malaysia Berhad and the

ExxonMobil Subsidiaries in Malaysia translate our commitment

to good corporate citizenship into action.

Integrity in our operations

We believe that the methods employed to attain the results are as important as the results themselves. By implementing a range of proven management systems, we are able to ensure the highest level of ethical standards and operations integrity in all aspects of our business activities.

Our Standards of Business Conduct forms the foundation for the conduct of the businesses of Esso Malaysia Berhad and other ExxonMobil affiliates worldwide.Our Controls Integrity Management System is a framework for ongoing controls integrity in our day-to-day business and effectively enables full compliance with regulations, laws and policies.Our Operations Integrity Management System provides a consistent and disciplined framework in identifying, controlling and managing safety, security, health and environmental risks. This rigorous and systematic framework meets the requirements of the International Organisation for Standardisation's standard for environmental management systems (ISO 14001).

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We are committed to operations excellence in all areas of our business

Our globally implemented management systems provide a framework for proactively managing risk and move us further towards our goal of zero safety incidents.

Workplace performance

The well-being of our employees, contractors, customers and neighbours are at the top of our priorities. During all aspects of our operations, we enforce strict compliance with safety procedures and management systems to create an incident-free workplace and to ultimately achieve our goal where Nobody Gets Hurt. We are also committed to provide the best work environment and career advancement opportunities for our workforce.

lwithout an employee lost time injury (LTI) and continued to receive recognitions for its outstanding safety performance. The Refinery was presented with the Grand Award from the Malaysian Society for Occupational Safety and Health (MSOSH) and the Asia Pacific Refinery & Services Regional Director's Silver Award in 2007. The Company’s three distribution terminals also won gold awards from MSOSH.

lWe maintained our pacesetting safety and health performance within the industry. All incidents including 'near misses' were thoroughly investigated and lessons learned are shared throughout the business to prevent any reoccurrences.

lIn recognition for being one of the more energy efficient refineries within ExxonMobil, Port Dickson Refinery was presented with the Refining Energy Efficiency Award.

lOur Malaysian Distribution function was recognised with a Gold Award from the Regional Distribution Leadership Team for achieving four years of flawless operations.

lWe broadened the use of our incident reporting system known as IMPACT to capture and quickly share learnings globally. We also started the use of our Incident Risk Assessment Tool to focus on minor incidents or near-misses which could potentially lead to major incidents.

lWe reinforced safety practices and responsibilities through the behaviour based safety approach which includes work observations and intervention programmes. The approach has further been improved with a more user friendly process.

lWe uphold a set of policies that reflects our commitment in providing equal opportunity and a positive workplace. We have zero tolerance for all forms of discrimination and harassment and our Workplace Flexibility Programme helps employees achieve an effective work-life balance.

lOur employees have the opportunity to develop their careers abroad. At the end of 2007, EMB employees were among the 149 Malaysians on international assignments within ExxonMobil.

Port Dickson Refinery completed 11 years of continuous operations

Our Port Dickson Refinery and distribution terminals continued to receive recognition for outstanding safety performance.

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EMB provides focused training and education to foster individual growth and achievement of career goals.

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Environmental performance

We are committed to operating in an environmentally responsible manner everywhere we do business. We are committed to our environmental initiative - Protect Tomorrow. Today. We continuously strive to improve energy efficiency, prevent environmental incidents and deliver our commitment for a superior environmental performance. Various systems and initiatives are practised to maintain our high standards of environmental care:

lWe leveraged on our global and regional refinery networks to expedite learning and continuously enhance our environmental performance.

lEsso Port Dickson Refinery sustained high levels of energy efficiency, contributing to reduced greenhouse gas (GHG) emissions at the plant by applying our Global Energy Management System best practices. We have significantly reduced our GHG gas emission by 20 percent since 2000. The Refinery also voluntarily reduced its emission of Volatile Organic Compound although emission of the compound is not regulated.

lThe Refinery has improved effluent water quality with Chemical Oxygen Demand reduced well below the regulatory level of 100 ppm due to major desludging work on its wastewater lagoon in 2006.

lWe have upgraded our service stations through a programme in practice since 2001. The upgrades ensure the highest standards of environmental protection and include the installation of an early leak detection system and underground risk management system.

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ESSO MALAYSIA BERHAD

The Port Dickson Refinery has sustained high levels of energy efficiency and reduced emissions by applying our Global Energy Management System best practices.

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Community and social performance

We have a tradition of investing in the community. Wherever we operate, we are dedicated to making a lasting positive impact on the local communities. We believe that supporting the needs of the communities is part of our responsibility as a good corporate citizen, and we undertake this responsibility seriously through our long-standing tradition of corporate giving and employee volunteerism.

Through our corporate contributions programme, we support a range of educational, welfare, health, environmental and arts projects that directly benefit the people. Beyond these investments, our employees also offer their expertise and personal time to their local communities through our employee volunteer programmes. These include the ExxonMobil Community Projects programme, ExxonMobil Young Entrepreneur Programme and ExxonMobil Employee Involvement Programme.

In 2007, the ExxonMobil Subsidiaries in Malaysia contributed to about 100 non-profit organisations. Some of the highlights of EMB's contributions include:

lFunding of educational programmes to promote English and science education, improve computer literacy among youth from the rural areas, and recognise outstanding young athletes.

lScholarships and best student awards for deserving students from secondary and primary schools in Negeri Sembilan under the ExxonMobil Education and Scholarship Fund.

lSupport for health facilities and equipment upgrades such as the children's specialist clinic and facilities at the Port Dickson Hospital.

lEmployees participated in the ExxonMobil Young Entrepreneur Programme where they volunteered two hours a week over a period of seven months to help 180 secondary students learn entrepreneurial skills.

lUnder the Employee Involvement Programme, 43 employees received RM1,500 each to assist the civic organisations that they served. A total of RM64,500 in grants were distributed to the community.

lEmployees and their families continued to devote their time and energy in community projects that benefit the local community. In 2007, about 1,200 employees and their family members volunteered for the annual ExxonMobil Community Projects Programme.

The Company continued to make positive contributions to the community through its support of various social and community-based projects as well as its employee volunteer programmes.

Directors

Joint Secretaries

Share Registrar

Auditors

Stock Exchange Listing

Solicitors

Registered Office

Mr. Liam M. Mallon(Chairman)

Y. Bhg. Tan Sri Dato' Dr. Syed Jalaludin Syed Salim(Independent Non-Executive Director)

Y. Bhg. Tan Sri Abdul Halim Ali(Independent Non-Executive Director)

Y. Bhg. Dato' Zainal Abidin Putih(Independent Non-Executive Director)

Encik Zain C. Willoughby(Executive Financial Director)

Encik Abu Bakar Siddik Che Embi(Executive Refinery Director)

Puan Faridah Ali(Executive Retail Business Director)

Mr. Lam Foo Keong(Executive Treasury Director)

Puan Sri Junaidah Mohd Said(LS0008614)

Mr. Manoj Devadasan(LS0006885)

Tenaga Koperat Sdn. Bhd. (118401-V)th

20 Floor, Plaza PermataJalan Kampar, off Jalan Tun Razak50400 Kuala LumpurTel: 03-40473883 Fax: 03-40426352

PricewaterhouseCoopers (No. AF-1146)Chartered AccountantsKuala Lumpur

Main Board of Bursa Malaysia Securities Berhad

Messrs. Raja, Darryl & Loh, Kuala LumpurMessrs. Azman, Davidson & Co, Kuala LumpurMessrs. Skrine, Kuala LumpurMessrs. Lee Hishammuddin Allen & Gledhill, Kuala LumpurMessrs. Shearn Delamore & Co, Kuala LumpurMessrs. Zaid Ibrahim & Co, Kuala Lumpur

EMB Company Secretary's OfficeLevel 29, Menara ExxonMobilKuala Lumpur City Centre50088 Kuala LumpurTel: 03-20533000 Fax: 03-23803473

Corporate Information

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ESSO MALAYSIA BERHAD