Sapura Energy Berhad wishes to announce that its wholly-owned subsidiary, Sapura 3000 Pte Ltd has entered into a Memorandum of Agreement for the disposal of its vessel, known as Sapura 3000 for a total cash consideration of USD71,500,000.00 (equivalent to the sum of RM312,848,250.00 at today’s rate of exchange of USD1 = RM4.3755) (herein after referred to as the “Proposed Disposal”).

Please refer to the attachment for further details of the Proposed Disposal.

This announcement is dated 30th May 2022