Sapura Energy Berhad (“SEB”) wishes to announce that the following dormant indirect wholly-owned subsidiaries and a subsidiary of SEB (the “Companies”) had ceased operations and each held their Meeting of Members on 31 January 2020, at which it was resolved that the Companies be wound-up voluntarily pursuant to: (a) Section 439(1)(b) of the Malaysian Companies Act 2016; (b) Section 290(1)(b) of the Singapore Companies Act, Cap. 50; and (c) Section 131A of the Labuan Companies Act 1990 respectively ("Voluntary Winding-Up") and that the following persons be appointed as Liquidators of the respective Companies, for the purpose of such winding-up:

The Companies are currently dormant and have no intention to carry on any business in future. The Voluntary Winding-Up will save cost and time to monitor and maintain the Companies on regular basis.

The Voluntary Winding-Up of the Companies will not have any material financial and operational impact on SEB Group for the financial year ended 31 January 2020.

None of the Directors and/or major shareholders of SEB or any person connected with them have any direct or indirect interest in the Voluntary Winding-Up.

This announcement is dated 4 February 2020.