Kuala Lumpur, 13 Jan 2023

Sapura Energy has filed an application in the High Court of Singapore for its Restraining Order, which was granted by the Malaysian Court, to be recognised in that country.

Further to our notice below, we wish to inform our creditors that the hearing of the Recognition Applications is fixed for 25 January 2023, at 10.00am before the Honourable Justice Vinodh Coomaraswamy. The venue of the hearing is Chamber 6A of the Supreme Court of Singapore.

To date, no creditor has filed and served an affidavit in response to the Recognition Applications.

Kuala Lumpur, 10 Jan 2023

We would like to update our creditors that the proof of debt (“POD”) process is currently on track at 74 percent completion as of end-December 2022, and we will inform you of the next steps soon. We wish to thank all our creditors for their cooperation and patience.

We would also like to highlight that Sapura Energy has filed an application in the High Court of Singapore for its Restraining Order, which was granted by the Malaysian Court, to be recognised in that country.

If allowed, this will enable Sapura Energy to broaden the protection of its current Restraining Order to Singaporean jurisdictions, ensuring negotiations with creditors can proceed without disruption to the Group’s operations.

The move is part of efforts to progress our debt restructuring plan.