The Board of Directors of SapuraKencana Petroleum Berhad (the “Company” or “SKPB”) wishes to announce that the Company has, on 8 March 2013, incorporated a new wholly-owned subsidiary in the Federal Territory of Labuan, Malaysia namely, SapuraKencana 900 Pte Ltd (“SapuraKencana 900”).

SapuraKencana 900 was incorporated in the Federal Territory of Labuan, Malaysia with an issued and paid-up share capital of USD100 comprising 100 shares of USD1.00 each. SapuraKencana 900 will be utilised in the furtherance to the future strategic plans of the Company.

The above incorporation of a new 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 of the Company or persons connected with them have any interest, direct or indirect, in the above incorporation.

This announcement is dated 8 March 2013.