Singapore - KrisEnergy Ltd. ('KrisEnergy' or 'the Company', together with its subsidiaries, the 'Group'), an independent upstream oil and gas company, refers to the following announcements.

The announcement dated 16 November 2020 in relation to the outcome of, among other things, the application in HC/OS 1031/2020 for the Court's leave for the Company to hold the Court Meeting ('16 November Announcement'); the announcement dated 14 January 2021 in relation to the outcome of the Court Meeting and the announcement dated 18 January 2021 clarifying the outcome of the Court Meeting.

Unless otherwise defined, all definitions used herein are adopted from the 16 November Announcement.

Application for sanction of the Scheme

As part of the Orders granted in the Leave Application, the Court ordered that in the event the Scheme is agreed to by the Scheme Creditors, on the satisfaction of the conditions set out in the Companies Act the Company is at liberty to apply for the Scheme to be sanctioned. As reported in our 18 January Announcement, the requisite statutory majority of the single class of Scheme Creditors pursuant to section 210(3) of the Companies Act voted in favour of the scheme and accordingly the Scheme has passed.

The Company wishes to announce that it has, on 25 January 2021, made an application to the Singapore Court pursuant to section 210(3) of the Companies Act (Cap. 50) for the Court to sanction the Scheme ('Sanction Application').

Contact:

Email: KrisEnergy@HL.com

About KrisEnergy

KrisEnergy Ltd. is an independent upstream company focused on the exploration for and the development and production of oil and gas in Southeast Asia. The Company holds working interests in three producing oil and/or gas fields, one each in the Gulf of Thailand and offshore Cambodia, and one onshore Bangladesh. It also participates in seven blocks in various stages of the E&P lifecycle in Indonesia, Thailand and Vietnam. KrisEnergy operates eight of the contract areas.

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