On behalf of the Board of Directors of MISC, Maybank Investment Bank Berhad wishes to announce that MISC entered into a conditional share purchase agreement with E&P Venture Solutions Co Sdn. Bhd. (“EPV”), a wholly-owned subsidiary of PETRONAS Carigali Sdn. Bhd., today for the proposed acquisition by MISC of the remaining 50% equity interest in Gumusut-Kakap Semi-Floating Production System (L) Limited from EPV, for a cash consideration of United States Dollar 445.0 million (approximately RM1,849.0 million) (“Proposed Acquisition”).

Please refer to the attachment for further details on the Proposed Acquisition.

This announcement is dated 24 February 2016.