Sapura Energy Berhad ("Company" or “SEB”) wishes to announce that Sapura Drilling T-19 Ltd., Sapura Drilling T-20 Ltd. and Sapura Drilling Setia Ltd. (collectively, known as “Sellers”), all wholly owned subsidiaries of Sapura Drilling Bermuda Ltd. (Bermuda), a wholly owned subsidiary of Sapura Drilling Pte. Ltd. (Labuan), which is a wholly owned subsidiary of the Company has entered into a Memorandum of Agreement dated 18 August 2022 (“MOA”) for the disposal of 3 drilling rigs namely Sapura T-19, Sapura T-20 and Sapura Setia (collectively, known as “the Rigs”) to NKD Maritime Limited (“Buyer”) for an aggregate cash consideration of USD8,200,000.00 (equivalent to RM35,144,954 at exchange rate of USD1= RM4.28597)(“Purchase Price”). 

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

This announcement is dated 19 August 2022.