Petrofac Regulatory News (PFC)

Press Release

22 August 2014

PETROFAC LIMITED

BOARD CHANGES

Petrofac, the international oil & gas facilities service provider, today announces that Norman Murray, who has been Chairman since May 2011, has resigned from the Board and will step down as Chairman with immediate effect for compassionate reasons.

Senior Independent Director, Rijnhard van Tets, will assume the role of Chairman with effect from today. Rijnhard was appointed as a Non-executive Director in May 2007 and became Senior Independent Director in May 2011. Non-executive Director, Thomas Thune Andersen, will become Senior Independent Director.

Norman Murray commented: "It is with tremendous sadness that I step down from the Board. I would like to thank my Board colleagues for their support during my tenure and their understanding of my current situation. I leave Petrofac in good shape and the Board in Rijnhard's experienced and capable hands."

Ayman Asfari, Group Chief Executive, commented: "I would like to thank Norman for leading the Board so effectively for the last three years. Whilst it is with great sadness that we accept his resignation, we understand his reasons and our thoughts and best wishes remain with him and his family.

"I am pleased that we have appointed Rijnhard who is an experienced Chairman and whose knowledge and understanding of the Petrofac Group will hold us in good stead as we move forward. I look forward to working with Rijnhard and the rest of the Board as we continue to grow and strengthen our business."

ENDS

For further information contact:

Petrofac Limited +44 (0) 207 811 4900

Jonathan Low, Head of Investor Relations

Jonathan Edwards, Investor Relations Officer

Alison Flynn, Head of Media Relations +44 (0) 207 811 4913

Tulchan Communications Group Ltd +44 (0) 207 353 4200

Stephen Malthouse

Martin Robinson

petrofac@tulchangroup.com

Notes to Editors

PETROFAC

Petrofac is a leading international service provider to the oil & gas production and processing industry, with a diverse customer portfolio including many of the world's leading integrated, independent and national oil & gas companies. Petrofac is quoted on the London Stock Exchange (symbol: PFC).

Petrofac designs and builds oil & gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects. Petrofac's range of services meets its customers' needs across the full life cycle of oil & gas assets.

With more than 18,000 employees, Petrofac operates out of seven strategically located operational centres, in Aberdeen, Sharjah, Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a further 24 offices worldwide.

For additional information, please refer to the Petrofac website at www.petrofac.com

CHAIRMAN'S BIOGRAPHY

Rijnhard is general partner of Laaken Asset Management NV. He advised the managing board of ABN AMRO between 2002 and 2007, having previously served as a managing board member for 12 years. At ABN AMRO, his roles included that of chairman of the wholesale clients and investment banking group. Rijnhard is non-executive chairman of Euronext NV and Euronext Amsterdam NV, and non-executive director of BNP Paribas OBAM N.V.

BOARD COMMITTEE CHANGES

Following these above-noted changes the Board committees will be comprised as follows with immediate effect:

Nominations Committee: Rijnhard van Tets (Chairman), Ayman Asfari, Thomas Thune Andersen, Stefano Cao, Roxanne Decyk, Kathleen Hogenson and René Médori.

Audit Committee: René Médori (Chairman), Thomas Thune Andersen and Kathleen Hogenson.

Remuneration Committee: Thomas Thune Andersen (Chairman), Stefano Cao and Roxanne Decyk.

Board Risk Committee: Stefano Cao (Chairman), Roxanne Decyk, Kathleen Hogenson and René Médori.

REMUNERATION ARRANGEMENTS

In accordance with Section 4302(B) of the UK Companies Act 2006, the Company hereby confirms that no payment for loss of office will be made to Mr Murray in connection with his ceasing to be Non-executive Chairman of Petrofac Limited. The Company's Directors' Remuneration Report for the year ending 31 December 2014 will include all fees paid to him during the year.