We refer to our announcements dated 28 January 2015, 3 July 2017, 21 November 2017, 13 December 2017 and 24 May 2018 ("Earlier Announcements"). Unless defined otherwise, terms and expression used in this announcement shall have the same meaning ascribed to them in the Earlier Announcements.

Yinson is pleased to announce that Yinson Production (West Africa) Pte. Ltd. ("YPWAPL") and Yinson Production (West Africa) Ltd ("YPWAL"), in which Yinson holds equity interests 74% and 49%, respectively, had on 2 October 2026 entered into a contract amendment with Eni Ghana Exploration and Production Ltd ("Eni Ghana") in relation to the Non-Associated Gas ("NAG") modification project on the FPSO facility at the Offshore Cape Three Points Block, located in the Tano Basin, approximately 60km off the coast of Ghana ("FPSO John Agyekum Kufuor" or "FPSO JAK") (the "Contract Amendment").

Salient Terms of the Contract Amendment

The Contract Amendment includes installation of new gas compression facilities to increase gas export in Quarter 1 2028 and a four-year extension of the firm contract term to 2036.  The value of the incremental day rates for the modification works and the extended contract is approximately USD 810 million, of which approximately USD 600 million is attributable to Yinson Group.

Risks in relation to the Contract Amendment

The risks affecting the Contract Amendment during the modification works includes project execution risk such as schedule slippage and cost overrun whilst the risks affecting the Contract Amendment during the operation and maintenance period  includes execution risk such as ability to carry out timely maintenance and operate FPSO JAK at the required level of performance, as well as regulatory risks relating to compliance to all safety and environmental rules and regulations required by Eni Ghana and relevant authorities. Such risks are inherent in Yinson's business and are expected to be mitigated by Yinson's experience and expertise in the FPSO industry as well as internal controls and project execution plan to ensure fulfilment of required work scope under the Contract Amendment.

Financial Effects in relation to the Contract Amendment

The Contract Amendment will not have any effect on the share capital and shareholding structure of the Company. The Contract Amendment, however, is expected to contribute positively to the earnings and net assets per share of Yinson Group.

Interest of Directors, Major Shareholders and/or persons connected with them

None of the directors or major shareholders of Yinson or persons connected with them, has any interest, direct or indirect, in the Contract Amendment.

This announcement is dated 5 October 2026.