DATE: 1 October 2022

DEAR SHAREHOLDERS,

NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (“EGM” or “Meeting”) of Sapura Energy Berhad (“SEB” or the “Company”) will be held on a fully virtual basis and entirely through live streaming and online remote voting using Remote Participation and Electronic Voting facilities via the online meeting platform at https://meeting.boardroomlimited.my (Domain Registration No. with MYNIC: D6A357657) on Monday, 17 October 2022 at 3.00 p.m. or at any adjournment thereof, for the purpose of considering and, if thought fit, passing the following ordinary resolution with or without any modifications:-

ORDINARY RESOLUTION
PROPOSED DISPOSAL OF SAPURA T-19, SAPURA T-20 AND SAPURA SETIA BY SAPURA DRILLING T-19 LTD.,
SAPURA DRILLING T-20 LTD. AND SAPURA DRILLING SETIA LTD. RESPECTIVELY, ALL WHOLLY OWNED
SUBSIDIARIES OF SAPURA DRILLING (BERMUDA) LTD., A WHOLLY OWNED SUBSIDIARY OF SAPURA
DRILLING PTE. LTD. (LABUAN) WHICH IS A WHOLLY OWNED SUBSIDIARY OF SAPURA ENERGY BERHAD,
TO NKD MARITIME LIMITED, FOR A TOTAL AGGREGATE PRICE OF USD8,200,000.00 (EQUIVALENT TO
RM35,144,954) (“PROPOSED DISPOSAL”)

Announcement @ Bursa Malaysia