Date: 9.09.2022.

Kuala Lumpur, 9 September 2022

Sapura Energy Berhad (“Sapura Energy” or “the Company”) today announced the appointment of Mr Lim San Peen as the Interim Liquidator for Sapura Project Services Sdn. Bhd. (“SPSSB”). SPSSB is a subsidiary of Sapura Technology Solutions Sdn. Bhd., a wholly owned subsidiary of Sapura Energy. SPSSB is not a major subsidiary of the Company as defined under Chapter 1 of the Main Market Listing Requirements.

The appointment of the Interim Liquidator does not bear immediate material financial and operational impact on Sapura Energy, and will not affect the progress of the Company’s restructuring plan.

Mr. Lim San Peen was appointed as the Interim Liquidator of SPSSB under the Order of the High Court of Malaya at Shah Alam, following a Winding Up Petition against SPSSB by Danamin (M) Sdn. Bhd..

SPSSB, a non-core business for Sapura Energy, specialises in telecommunication services which include turnkey telecommunications, network and security solutions for front-end engineering design (FEED), engineering, procurement, and construction (EPC) projects in oil & gas and utilities markets.

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.