Unless otherwise stated, all abbreviations used in this Announcement shall have the same meaning as defined in the Company’s announcements dated 9 November 2018 and 9 January 2019 and the Company’s circular to shareholders in relation to the Proposals dated 11 January 2019 (“Circular”)

We refer to the Company’s announcements dated 9 November 2018, 9 January 2019, 28 January 2019 and 31 January 2019 in respect of the provision of financial assistance by SEB Group to SapuraOMV Upstream Sdn. Bhd. (“SapuraOMV”) (formerly known as SEB Upstream Sdn. Bhd.) and its subsidiaries in the form of corporate guarantees, undertakings and/or securities.

The Company wishes to announce that pursuant to the Facility Agreement entered by SapuraOMV with a group of foreign financial institutions in respect of a USD200 million revolving credit facility (“Facility”), SEB and OMV AG have each on 2 August 2019 entered into an irrevocable and unconditional guarantee, on a several (and not joint and several) basis, for 50% each of the indebtedness of SapuraOMV outstanding from time to time under the Facility. The Facility is to be used for general corporate and working capital purposes of the SapuraOMV Group.

This Announcement is dated 2 August 2019.