Date: 26.02.2021.

Kuala Lumpur, 26 February 2021

Sapura Energy Berhad (“Sapura Energy”) a leading global integrated oil and gas services and solutions provider, today announced that it has signed an Islamic Facilities Agreement of up to RM700 million with Maybank Islamic Berhad (“Maybank Islamic”). The financing tenure of this facility is up to five years.

The financing is in addition to working capital facilities of up to USD135 million secured from CIMB Bank Berhad (“CIMB”) in November 2019. The combined value of facilities from the two major banks is approximately RM1.2 billion.

The facilities with Maybank Islamic consist of murabahah revolving and invoice financing facilities whereas the facilities with CIMB is a multi-option line under trade financing.

With the gradual recovery in the energy sector, the working capital facilities will boost the Sapura Energy group of companies’ financial strength to execute existing projects and undertake future contracts globally.

Sapura Energy announced global contract wins of RM1.85 billion earlier this month, demonstrating the group of companies’ resilience in capturing opportunities in addressable markets and deliver its promises to clients and stakeholders.

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.