Announcements


Date: 31 January 2019

MULTIPLE PROPOSALS SAPURA ENERGY BERHAD ("SEB" OR "COMPANY") (I) PROPOSED TRANSACTION; AND (II) PROPOSED FINANCIAL ASSISTANCE (COLLECTIVELY REFERRED TO AS "PROPOSALS")


Type Announcement
Subject MULTIPLE PROPOSALS
Description SAPURA ENERGY BERHAD ("SEB" OR "COMPANY") (I) PROPOSED TRANSACTION; AND (II) PROPOSED FINANCIAL ASSISTANCE (COLLECTIVELY REFERRED TO AS "PROPOSALS")

(Unless otherwise stated, all abbreviations used in this Announcement shall have the same meaning as defined in the Company's announcements dated 9 November 2018 and 9 January 2019 and the Company's circular to shareholders in relation to the Proposals dated 11 January 2019 (“Circular”))

We refer to the Company's announcements dated 9 November 2018, 5 December 2018, 24 December 2018, 9 January 2019, 11 January 2019 and 28 January 2019 in relation to the Proposals.

On behalf of the Board, the Joint Principal Advisers wish to announce that the Proposed Transaction has been completed today following the fulfillment of all agreed conditions required for Closing. With the Closing, the Shareholders' Agreement has become effective today.

In addition, on behalf of the Board, the Joint Principal Advisers also wish to announce that SUP and OMV E&P had on 31 January 2019 entered into a facility agreement for the OMV Financing amounting to USD350 million as part of the Proposed Transaction. As security for the OMV Financing, SUA will pledge SUP Shares with a value of USD175 million in favour of OMV E&P.

This Announcement is dated 31 January 2019.





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