Date: 24.09.2020.

Kuala Lumpur, 24 September 2020

In relation to recent news on investigations involving Sapura Energy Berhad and Seadrill for alleged bribery involvement relating to PETROBRAS contracts, Sapura Energy Berhad and its group of companies strongly refute any involvement in any form of bribery or corruption in its business dealings in Brazil and anywhere else in the world.

In an earlier investigation by Brazilian authorities in 2016 and 2017, the Company was cleared of all allegations of bribery or corruption. The Company has in the past cooperated and will continue to cooperate with any investigation or regulatory authority in relation to bribery and corruption. The Company has a strict policy against bribery and corruption and has internal policies and procedures to mitigate this risk.

As part of its governance and processes, the Company has a clause in all its agreements on anti-bribery which will make the agreement void if bribery is involved or is suspected to be involved. We have in the past taken immediate steps to cease contractual obligations whenever a suspicion of bribery or corruption was raised. These facts demonstrate and are clear evidence of the Company’s commitment to its zero-tolerance policy towards bribery and corruption.