Bumi Armada Reports First Quarter 2016 Revenue of RM430.8 Million, Net Profit of RM23.4 Million After Non-Cash Impairment Charge

Kuala Lumpur, 31 May 2016 – Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad (“Bumi Armada” or the “Group”) today announced its first quarter (“Q1”) 2016 financial results. Revenue for Q1 2016 was RM430.8 million, 24.7% lower than the corresponding quarter in 2015. The decline in revenue was mainly due to lower contributions from the Armada Claire FPSO, in respect of which the Company has filed a legal action seeking damages for unlawful termination and lower utilisation of vessels in the OMS business. The FPSO and FGS businesses saw revenue decline by 25.6% year-on-year, while the OMS revenue fell by 23.8% over the same period.