The Company is pleased to announce that we have secured corporate credit ratings of:

(i)     A+ with a stable outlook from Malaysian Rating Corporation Berhad ("MARC"); and

(ii)    A1 with a stable outlook from RAM Rating Services Berhad ("RAM").

The ratings are supported by the Group’s business position within the global oil and gas floating, production, storage and offloading ("FPSO") sector. The ratings are also backed by Yinson’s long-term, contractual revenue that are unaffected by crude oil prices, coupled with implementation of strategies to increase our capital velocity through equity sell-down, refinancing and re-leveraging order book backlogs. Yinson has demonstrated timely FPSO deliveries and cost containment during the construction period, as well as achieving operational uptime of above 99% in the last five years.

Yinson diversified into renewables in 2019 and has grown its renewables footprint rapidly through the acquisition of 95% of Rising Sun Energy Ltd which owns operating solar plants of 140MW and securing contract for the construction and operation of a 190MW solar plant in the Nokh Solar Park, Rajasthan, India.

Through its wholly owned subsidiary Yinson Renewables Pte Ltd, Yinson is also collaborating with Chile-based renewable energy developer Verano Capital Holdings SpA for renewable energy projects in Chile, Colombia and Peru. The collaboration initially targets to progress a pipeline of over 800MW of utility scale solar projects. This is in line with our medium-term plan of achieving a significant presence in 3 markets, with 3GW projects pipeline by end 2022.

Yinson also established its Green Technologies Division in 2020, with the aim of accelerating the transition to a net carbon zero world through investments in green technologies.

Please refer to the attached press releases for more information.

This announcement is dated 23 June 2021.