Bumi Armada Reports Revenue of RM205.5 Million, Completes Conversion of the Four Major Projects in Fourth Quarter 2016

Kuala Lumpur, 28 February 2017 – Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad (“Bumi Armada” or the “Group”) today announced its fourth quarter (“Q4”) 2016 financial results. Revenue for Q4 2016 was RM205.5 million, 65.1% lower than the corresponding quarter in 2015. The decline in revenue was mainly due to a 97.4% fall in FPSO and FGS revenue as conversion activities on all the major projects had been completed in Q4 2016, whilst in Q4 2015 these projects were at their peak construction rate.