The Board of Directors of SapuraKencana Petroleum Berhad is pleased to announce that its wholly-owned subsidiary, SapuraKencana Energy Sarawak Inc. ("SKE") has made four significant discoveries of non-associated natural gas in the SK408 Production Sharing Contract ("PSC") area, offshore Sarawak, Malaysia.

The four-well discovery, from the first four exploration wells, was within the primary target of the Late Miocene Carbonate reservoirs. The first well, Teja-1, located 8 km southeast Cili Padi gas field encountered 219 metres of gross column whilst the Gorek-1 discovery, located 15 km southeast F23 gas field encountered a gross gas column of 235 metres. The third well, Legundi-1, located 18 km south F23 gas field which was drilled in a down-flank location encountered a 139 metres gross gas column and the fourth well, Larak-1, located 12 km south of F6 gas field, also drilled in a down-flank location encountered a gross gas column of 333 metres.

SKE via SapuraKencana Energy Sarawak Inc. is the operator with a 40% working interest with partners PETRONAS-Carigali Sdn. Bhd. (30%) and Sarawak Shell Bhd. (30%). SK408 Block is located in shallow waters approximately 120 kilometres offshore Sarawak covering an area of approximately 4,480sq. km in the prolific Central Luconia Gas Province. These are the first four wells of a 10-well commitment in the SK408 PSC.

This announcement is dated 9 June 2014.