Date: 30.07.2020.

Kuala Lumpur, 30 July 2020

Sapura Energy Berhad is pleased to announce the appointment of Tan Sri Dato' Seri Shamsul Azhar Abbas as its Director and Non-Independent Non-Executive Chairman. He succeeds Tan Sri Datuk Amar (Dr.) Hamid Bugo, who will be retiring after being in the company for more than 8 years.

Tan Sri Shamsul, whose appointment is effective 30th July 2020, is a nominee director of Permodalan Nasional Berhad (PNB). Sapura Energy is one of PNB’s key strategic companies, in which PNB and its associated funds collectively own a 40% stake.

Tan Sri Shamsul is a key leader in the oil and gas industry, having helmed Petroliam Nasional Berhad (PETRONAS) as President and CEO from 2010 to 2015. He joined PETRONAS in 1975 and served in various capacities during his 40 years’ tenure with the organisation.

During his leadership, he guided PETRONAS in undertaking strategic landmark projects such as the Pengerang Integrated Refinery and Petrochemical Project (RAPID) and PETRONAS Floating LNG Facilities Project. Tan Sri Shamsul was instrumental in the global expansion of the national oil company, through the acquisition of Progress Energy Canada and the development of shale gas to LNG via the Pacific North West LNG project.

Tan Sri Shamsul also led MISC Berhad as Chairman in 2010 to 2011, and as President and CEO from 2004 to 2008.

Tan Sri Shamsul holds a Master of Science (MSc) in Energy Management from University of Pennsylvania, a Bachelor's Degree in Political Science and Economics from Universiti Sains Malaysia, as well as a Technical Diploma in Petroleum Economics from Paris-based Institut Français du Pétrole. He was a Pro-Chancellor of Universiti Teknologi Petronas (UTP) and was a member of Board of Trustees of the Razak School of Government (RSOG).

Sapura Energy President and Group Chief Executive Officer Tan Sri Shahril Shamsuddin warmly welcomed Tan Sri Shamsul to the chairmanship, on behalf of the management and staff of Sapura Energy.

“We are very privileged to have Tan Sri Shamsul, a well-respected figure in the global oil and gas industry, as our Chairman,” said Tan Sri Shahril.  “Sapura Energy will greatly benefit from his leadership mettle, deep expertise and strategic insight, to help the company navigate forward to the next level of growth.”

Tan Sri Shahril also expressed gratitude to outgoing Chairman Tan Sri Hamid who has been a member of the company’s Board of Directors since 2012. “Tan Sri Hamid’s wise counsel and strong network helped Sapura Energy achieve some of our key milestones in the past few years,” Tan Sri Shahril remarked. “We thank him for his commitment and unwavering support, and his legacy will continue to be part of Sapura Energy’s success.”

Cautionary note: “Sapura Energy”, “the group” and “the company” are used for convenience where references are made to Sapura Energy Berhad in general. Similarly, words like “we”, “us” and “our” are used to refer to Sapura Energy Berhad in general or to those who work for the company and its subsidiaries, where relevant. This press release may contain forward-looking statements. All statements other than statements of historical facts included in this press release, including, without limitation, those regarding our financial position, financial estimates, business strategies, prospects, plans and objectives for future operations, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which we will operate in the future. Such forward-looking statements reflect our current view with respect to future events and are not a guarantee of future performance. Forward-looking statements can be identified by the use of forward-looking terminology such as the words “may”, “will”, “would”, “could”, “believe”, “expect”, “anticipate”, “intend”, “estimate”, “aim”, “plan”, “forecast” or similar expressions and include all statements that are not historical facts.