This announcement is related to the announcement made on 15 April 2020 by Bumi Armada Berhad (“Bumi Armada”) on the extension of contract for the charter hire of the Armada Sterling Floating Production, Storage and Offloading vessel ("Armada Sterling FPSO") by Oil and Natural Gas Corporation Limited (“ONGC”) of India.

Bumi Armada’s jointly controlled entity, Shapoorji Pallonji Bumi Armada Offshore Private Limited (“SPBAOPL”) has since been informed by ONGC that the Armada Sterling FPSO extension contract will expire on 24 September 2020.

Armada Sterling FPSO has been operating in the ONGC D1 field located 200km off the west coast of Mumbai, India since April 2013.

This announcement is dated 25 September 2020.