The Board of Directors of the Company wishes to announce that the Company, through its wholly owned subsidiaries, SapuraKencana Energy Vietnam (Cuu Long) Inc, SapuraKencana Energy Vietnam (Nam Con Son) Inc and SapuraKencana Energy Vietnam (Cai Nuoc) Inc and Petronas Carigali Vietnam Limited and Petronas Carigali Overseas Sdn Bhd have today entered into three conditional sale and purchase agreements in relation to the Proposed Transaction.

Further details on the Proposed Transaction is set out in the attached file.

This announcement is dated 20 November 2014.