Bumi Armada Reports Revenue of RM377.5 Million and A Net Loss of RM96.7 Million for The Third Quarter 2016

Kuala Lumpur, 23 November 2016 – Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad (“Bumi Armada” or the “Group”) today announced its third quarter (“Q3”) 2016 financial results. Revenue for Q3 2016 was RM377.5 million, 32.5% lower than the corresponding quarter in 2015. The decline in revenue was mainly due to a 68.2% fall in FPSO and FGS revenue on the back of completion of conversion activities on the Eni 1506 and Kraken FPSO projects and reduced contributions from Armada Claire, Armada Perdana and Armada Perkasa. OMS revenue however, increased 34.6% year-on-year in Q3 2016 due to SC work related to the LukOil project in the Caspian Sea.