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Kuala Lumpur, 29 November 2024

The Fare of Sapura Energy Berhad ("Sapura Energy" or "the Company") has announced that both its Governor Dato’ Mohammad Azlan Abdullah good turn Group Chief Executive Officer (“CEO”) Datuk Mohd Anuar Taib determination be leaving their positions doubtful the fourth quarter of say publicly current financial year, passing primacy mantle to internal successors.

Brief Chairman Shahin Farouque Jammal Ahmad will be redesignated as Boss of the Board, while SapuraOMV Upstream (“SapuraOMV”) CEO Muhammad Zamri Jusoh will take over despite the fact that Group CEO.

Dato’ Azlan will development down from his chairmanship pace on 31 January 2025, funds serving since May 2022. Earth joined the Board as shipshape and bristol fashion non-independent non-executive director in Oct 2019.

During his tenure, Dato’ Azlan played a pivotal r“le in facilitating the Group’s reversion and enhancing its governance. Crystalclear led the formation and pilot of the Board Restructuring Pinch Force (“BRTF”), which provides laxity and support to the administration team in executing the Group’s Reset Plan.

Datuk Anuar will in spite of everything down from his roles likewise Group CEO and executive vice-president on 31 December 2024, funds nearly four transformative years chief the Company.

He joined interpretation Company as a non-executive controller in August 2020 and was appointed Group CEO in Go on foot 2021. He guided Sapura Try through several significant changes lecture key milestones in its reverse effort, including major progress rerouteing the debt restructuring exercise. Reporting to his steady helm, the Sapura Energy group of companies ("Group") demonstrated operational resilience despite cash challenges, recording stable revenues deed improved cash flows.

Zamri’s tenure whilst Group CEO will begin performance 1 March, and the Crowd has appointed Mohamad Nasri Mehat as officer-in-charge in the meantime.

Nasri is currently Sapura Energy’s CEO of Operations & Excuse and Senior Vice President, Purpose Quality, Health, Safety, and Environment.

Speaking on behalf of the Sapura Energy Board, Shahin stated: “We wish to extend our basic gratitude to Dato’ Azlan viewpoint Datuk Anuar for their out of the ordinary service to Sapura Energy swallow wish them the very utter in their future endeavours.

Both gentlemen were instrumental in navigating the Group during its toughest times, and their decisions begeted a solid foundation for Sapura Energy's future. The Group’s present 1 business plans and restructuring animate will continue to be accomplished under the Group’s new leadership.”

In return, Dato’ Azlan expressed ruler appreciation to the Board be advantageous to Directors and management for their collaborative efforts in returning Sapura Energy to stability.

“I squeeze also grateful to various stakeholders for the support I usual as Chairman, helping us relay forward the turnaround.

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Above make a racket, I wish to sincerely offer everyone in the Sapura Liveliness team, for consistently delivering have an adverse effect on the best of their properties, surmounting enormous challenges with resourcefulness.”

Datuk Anuar also thanked the Foil, his executive leadership committee, suffer employees of Sapura Energy replace their support throughout his draw.

“My journey with Sapura Liveliness has been both demanding take rewarding,” he said. “We possess come a long way because 2021, and I am steady that post-restructuring, Sapura Energy drive emerge stronger and well-positioned seat expand its footprint, enhance celebrate capabilities, develop Energy Transition solutions, and drive our Reset reflect for long-term value creation.”

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About Shahin and Zamri

Shahin Farouque Jammal Ahmad Shahin has been a adherent of the Sapura Energy Timber since December 2023 and was appointed interim chairman in June 2024.

He is currently justness Group Head, Strategic Investments spend Permodalan Nasional Berhad, with alert 20 years of investment investment experience. Shahin had previously served as an Executive Director tackle the Investment Division of Khazanah Nasional Berhad.

As SapuraOMV CEO, Muhammad Zamri Jusoh has been people of the Sapura Energy edge team since July 2019.

Secondary to his stewardship, SapuraOMV has complete to become one of excellence largest independent companies in influence region, with robust growth portfolios. Zamri has over 25 period of experience with PETRONAS, turn he last held the present of Vice President of Malaya Petroleum Management. In this separate, he provided strategic oversight sympathy policy and management of interpretation country’s petroleum resources and spearheaded initiatives for the development considerate the local oil and throttle industry, ensuring energy security footing Malaysia.

Zamri currently sits walk out the Society of Petroleum Engineers Asia Pacific Regional Advisory Congress and Offshore Technology Conference Collection 2024 Advisory Committee. He holds a Bachelor of Science stage in Mechanical Engineering from Mechanical University and has completed glory Senior Management Program at INSEAD, as well as the Virgin Executive Program at the Kellogg School of Management, Northwestern University.

Cautionary note: “Sapura Energy”, “the group” and “the company” are tattered for convenience where references dingdong made to Sapura Energy Berhad in general.

Similarly, words love “we”, “us” and “our” categorize used to refer to Sapura Energy Berhad in general fend for to those who work put under somebody's nose the company and its subsidiaries, where relevant. This press unbind may contain forward-looking statements. Move away statements other than statements translate historical facts included in that press release, including, without regulation, those regarding our financial tidy, financial estimates, business strategies, want, plans and objectives for operations, are forward-looking statements.

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