INTRODUCTION

The Board of Directors of SapuraKencana Petroleum Berhad (the “Company” or “SKPB”) wishes to announce that SapuraKencana Drilling Pte Ltd, a wholly-owned subsidiary of SKPB incorporated in Labuan Federal Territory, Malaysia, had on 11 October 2013 incorporated a wholly-owned subsidiary in Bermuda known as SapuraKencana Drilling Resources Ltd (“SKD Resources”). The share capital of SKD Resources consists of 10,000 shares of a par value of USD1.00 each.

SKD Resources will be utilised in furtherance to the future strategic plans of the Company.

FINANCIAL EFFECTS

The incorporation of SKD Resources is not expected to have any material effect on SKPB group’s earnings and net assets for the financial year ending 31 January 2014.

DIRECTORS AND MAJOR SHAREHOLDERS’ INTEREST

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 17 October 2013.