Petrofac Limited: PETROFAC EXTENDS FORBIDENCE AGREEMENT

August 23, 2024

PETROFAC EXTENDS FORBIDENCE AGREEMENT

Petrofac confirms that the has extended its existing deferral agreement in relation to the non-payment of the interest coupon on its senior secured notes from August 23 to September 20, 2024.

The forbearance agreement is being entered into by an ad hoc group of noteholders representing approximately 47% of the outstanding senior secured notes and certain other acceding noteholders. It provides assurance that these noteholders will not take any action in respect of the non-payment of the coupon until at least 20 September 2024, providing additional time for the Group’s financial restructuring to progress.

Further information will be provided if necessary.

END

For further information please contact:

Petrofac:

James Boothroyd, Head of Investor Relations

[email protected]

Sophie Reid, Group Director Communications and Culture

[email protected]

Teneo (for Petrofac):

+44 (0) 207 353 4200

[email protected]

NOTES TO EDITORS

Petrofac

Petrofac is a leading international service provider to the energy sector, serving a diverse customer base including many of the world’s largest energy companies.

Petrofac designs, builds, operates and maintains oil, gas, refining, petrochemical and renewable energy infrastructure. Our purpose is to enable our customers to meet the world’s changing energy needs. Our four values ​​– Driven, Agile, Respectful and Open – are at the heart of everything we do.

Petrofac’s core markets are in the Middle East and North Africa (MENA) region and the North Sea in the UK, where we have a long and successful track record of safe, reliable and innovative execution, supported by a cost-effective and local delivery model with a strong focus on in-country value. We operate in several other key markets including India, South East Asia and the USA. We have 8,500 employees across 31 offices worldwide.

Petrofac is listed on the London Stock Exchange (symbol: PFC).

For more information, please visit the Petrofac website: www.petrofac.nl

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