Date: 2.08.2022.

Kuala Lumpur, 2 August 2022

Sapura Energy Berhad (“Sapura Energy" or the “Company”) is pleased to announce that a joint venture company under its Engineering and Construction (“E&C”) segment has been awarded an extension of a charter and service contract by Petróleo Brasileiro S.A. (“Petrobras”) in Brazil. The two-year contract extension, for its pipe laying support vessel (“PLSV”) Sapura Esmeralda, is valued at approximately RM580 million.

The contract was awarded to Sapura Navegação Marítima S.A., a wholly-owned subsidiary of Seabras Sapura Participações S.A., a joint venture company between Sapura Offshore Sdn. Bhd. and Seabras Serviços De Petroleo S.A.

The contract scope of work includes the provision of services and charter of installation and recovery of flexible pipes in the Brazilian waters in a maximum water depth of 2,500 metres. The two-year contract duration for Sapura Esmeralda commences immediately on 2 August 2022.

The award strengthens Sapura Energy’s presence in Brazil, signifying its ability to create strong partnerships and deliver value to clients. Its E&C segment operates six PLSVs in Brazil, with a utilisation rate of about 95 percent.

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.