CORPORATE GOVERNANCE STATEMENT The Board of Directors of Sarawak Energy Berhad

(“SEB”) is committed to ensure that the highest standard of Corporate Governance is practiced throughout the Group with the objective of strengthening the Group’s growth, corporate accountability and safeguarding the interests of the shareholders. The Board of Directors is pleased to report a statement to the shareholders on how the Group has applied the principles of good governance and compliance of the best practices set out in the Malaysian Code of Corporate Governance. THE BOARD OF DIRECTORS The Board’s principal responsibilities for corporate governance are by setting out the strategic direction of the Group, establishing the objectives and achievement of the objectives and goals. The current Board comprises of six (6) members, where one (1) member is an executive director and five (5) are non-executive directors. Three (3) of the non-executive directors are independent directors, which complied with paragraph 15.02 of the Listing Requirements of Bursa Malaysia Securities Berhad which require one-third of the Board to comprise of independent directors. The Directors collectively have wide range of experience and expertise drawn from the area of legal, business, accounting, economics as well as public administration. Their expertise, experience and background are vital for the strategic direction of the Group. The profiles of the Directors are se