The Board of Directors of SapuraKencana Petroleum Berhad (“SKPB” or “Company”) wishes to announce that it had on 6 February 2013 acquired the entire issued and paid up capital of “SapuraKencana Drilling Pte. Ltd.”, a company incorporated in Singapore (“SapuraKencana Drilling”) at a total cash consideration of SGD2.00 comprising 2 ordinary shares of SGD1.00 each.

SapuraKencana Drilling was incorporated on 5 February 2013. It has not commenced operation since incorporation.

The acquisition of this new wholly-owned subsidiary is to facilitate the acquisition of tender rigs business of Seadrill Ltd, announced separately by the Company on 8 February 2013.

The above acquisition of this new wholly-owned subsidiary company is not expected to have any material effect on SKPB Group’s earnings and net assets for the financial year ending 31 January 2014.

None of the directors and/or major shareholders and/or persons connected with them have any interest, direct or in direct in the above acquisition.

This announcement is dated 8 February 2013.