We refer to the recent articles with regards to the proposed listing of the E&P arm of Sapura Energy Berhad ("the Company").

These articles had alluded to the listing of the Company’s exploration and production (“E&P”) business which would, among others, provide an avenue for the Company to monetise its assets.

The Board of Directors (“Board”) and management of the Company would like to inform that the Company has engaged advisors to evaluate and advise on the potential listing of the E&P business.

The Company will make the necessary announcement in compliance with Bursa Malaysia Securities Berhad’s Main Market Listing Requirements should there be any material development on this matter. 

This announcement is dated 25 January 2018.