INTRODUCTION

The Board of Directors of SapuraKencana Petroleum Berhad (the “Company” or “SKPB”) wishes to announce that Sapura Petroleum Sdn Bhd, a wholly-owned subsidiary of SKPB incorporated in Malaysia had on 10 October 2013 incorporated a wholly-owned subsidiary in Houston known as SapuraKencana Petroleum Inc. (“SKP Inc.”). The share capital of SKP Inc. consists of 100,000 shares of a par value of USD1.00 each.

SKP Inc. will be utilised in furtherance to the future strategic plans of the Company.

FINANCIAL EFFECTS

The incorporation of SKP Inc. 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 22 October 2013.