Strategic Review with Intention to Unlock Value of Offshore FPSO Business

Yinson wishes to announce that as part of Yinson Group’s (“Group”) medium-to-long term strategy to ensure that the Group is prepared and fit for future growth, Yinson will be undertaking a strategic review exercise of the FPSO business segment to explore and assess options available to the Group.

The strategic review aims to explore a broad range of options to unlock and maximise shareholder value, and at the same time strengthen the FPSO business. It would also position Yinson to execute its long-term sustainability strategy towards operating in a low-carbon, climate-resilient future. These options may include an initial public offering (“IPO”) or strategic partnership opportunities for the FPSO business segment.

There is no assurance that the strategic review will result in any transaction or that any definitive or binding agreement will be reached. Yinson will make further announcements in compliance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad as appropriate.