Update on Settlement with 1MDB and MoF Inc.

International Petroleum Investment Company PJSC - Update on Settlement with 1MDB and MoF Inc.

Further to the announcement of 8 August 2017 (RNS Number 3932N), International Petroleum Investment Company PJSC (IPIC) has now received the funds required by 12 August 2017 for the extension agreed with Minister of Finance (Incorporated) Malaysia (MoF Inc.) and 1Malaysia Development Berhad (1MDB) to be effective. Accordingly, MoF Inc. and 1MDB now have until 31 August 2017 to complete the performance of the payment obligations that were initially due to be performed by 31 July 2017 under the Settlement and the Consent Award and to pay default interest on the delayed payment.

For further information, please contact:

International Petroleum Investment Company PJSC

P.O. Box 45005, Abu Dhabi, United Arab Emirates