Date: 29 October 2024

DEAR SHAREHOLDERS,

NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting (“EGM”) of Sapura Energy Berhad (“SEB” or “Company”) will be held as a virtual meeting at the broadcast venue in the Conference Room at Sapura@Mines, No. 7 Jalan Tasik, The Mines Resort City, 43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia on Thursday, 14 November 2024 at 10.00 a.m. or at any adjournment thereof for the purpose of considering and if thought fit, to pass the following resolution (with or without modifications):

ORDINARY RESOLUTION

PROPOSED DISPOSAL BY SAPURA UPSTREAM ASSETS SDN BHD (“SUA”), A WHOLLY-OWNED SUBSIDIARY OF SEB, OF ITS ENTIRE 50% EQUITY INTEREST IN SAPURAOMV UPSTREAM SDN BHD (“SAPURAOMV”) TO TOTALENERGIES HOLDINGS SAS FOR A TOTAL DISPOSAL CONSIDERATION OF USD705.3 MILLION (OR EQUIVALENT TO APPROXIMATELY RM3,022.3 MILLION) TO BE SATISFIED VIA:

• A CASH CONSIDERATION OF USD530.3 MILLION (OR EQUIVALENT TO APPROXIMATELY RM2,272.5 MILLION); AND
• THE RELEASE OF THE ORDINARY SHARES IN SAPURAOMV PLEDGED BY SUA TO OMV EXPLORATION & PRODUCTION GMBH OF AN AMOUNT OF USD175.0 MILLION (OR EQUIVALENT TO APPROXIMATELY RM749.8 MILLION).

Announcement @ Bursa Malaysia