Reference is made to the announcement made by Bumi Armada Berhad ("Bumi Armada") on 2 June 2023 with respect to the unplanned shutdown of the Armada Kraken FPSO ("Kraken FPSO") owned by Bumi Armada’s wholly owned subsidiary, Armada Kraken Pte Ltd. 

Bumi Armada wishes to announce that following the recent start-up of the Kraken FPSO, production is currently circa 60% of pre shutdown levels. There is still further work, testing and investigations ongoing to stabilise and bring the vessel operational performance back to pre shutdown level.

Bumi Armada will continue to announce material updates as and when they are known.

This announcement is dated 21 June 2023.