The Board of Directors of SapuraKencana Petroleum Berhad (the “Company” or “SKPB”) wishes to announce that the Company had on 25 March 2013, been informed by the Registrar of Companies of Negara Brunei Darussalam that the incorporation of a new wholly-owned subsidiary of SKPB in Brunei known as SapuraKencana (B) Sdn Bhd (“SKB”) was approved on 20 March 2013.

SKB was incorporated with an issued and paid-up share capital of Two Brunei Dollars (B$2.00) comprising two (2) ordinary shares of One Brunei Dollar (B$1.00) each. Kencana HL Sdn Bhd and Kencana Petroleum Ventures Sdn Bhd, both wholly-owned subsidiaries of SKPB, hold one (1) ordinary share each in the share capital of SKB.

SKB is expected to be utilised in the furtherance to the future strategic plans of the Company.

The incorporation of SKB 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 of SKB.

This announcement is dated 26 March 2013.