INTRODUCTION

The Board of Directors (the “Board”) of SapuraKencana Petroleum Berhad (the “Company” or “SKPB”) wishes to announce that TL Offshore Sdn Bhd (“TLO”), a wholly-owned subsidiary of SKPB and Seabras Serviços De Petróleo S.A. (“SSP”), a subsidiary of Seadrill Limited, had on 11 November  2013, acquired 50% each equity stake in a new company in Austria known as Seabras Sapura Holding, GmbH (“SSH”) by subscribing to 17,500 common shares each of  par value of EUR1.00 each (the “Acquisition”) respectively. Consequently upon the Acquisition, SSH shall be a joint venture company for TLO and SSP.

The intended principal activity of SSH is investment holding.

The Board of SKPB also wishes to announce that SSH is the sole shareholder of Seabras Sapura PLSV Holding GmbH (“SSPH”). SSPH is the sole shareholder of Sapura Diamante GmbH (“SD”) and Sapura Topazio GmbH (“ST”).

SSH, SSPH, SD and ST are collectively referred to as the “New Austrian Entities”.

The share capital of each of the four New Austrian Entities consists of 35,000 common shares at a par value of EUR1.00 each, respectively.

The intended principal activities of the New Austrian Entities are vessel owning and vessel chartering.

FINANCIAL EFFECTS

The above acquisition of the New Austrian Entities are 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 acquisition.

This announcement is dated 18 November 2013.