Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson
Holdings, has secured a $230 million term loan facility in relation to an FPSO vessel under construction, which
will be deployed off the coast of Brazil.

This financing is for the FPSO Maria Quitéria, which will be deployed at the Parque das Baleias integrated
project, located at the Petrobras-operated Jubarte field in the northern Campos Basin, around 80 kilometres off
the coast of Anchieta, Espírito Santo, Brazil. The field lies at a water depth of approximately 1,300 metres and it
was discovered in 2001. The Parque das Baleias area is formed by the Jubarte, Baleia Anã, Cachalote, Caxaréu,
Pirambú, and Mangangá fields.

The $230 million loan facility, which Yinson obtained, was structured and arranged by Global Infrastructure
Partners (GIP), an independent infrastructure fund manager with approximately $100 billion in assets under
management. This marks the first transaction between Yinson Production and GIP. It is also GIP's first financing
of a floating, production, storage, and offloading vessel.

Commenting on the closing of this loan facility, Markus Wenker, Yinson Production Chief Financial Officer,
remarked: “We are very pleased to have completed this transaction and thank GIP and its partners for their trust
in us. This transaction showcases the strength of Yinson Production in attracting highly sophisticated capital and
its ability to broaden its funding base beyond Asia.

“We are excited to continue building upon this partnership and further growing our network of lenders and
investors globally to pivot to new opportunities in the FPSO market and create value for our shareholders.”

Yinson Production was awarded the supply, operation, and maintenance of the FPSO Maria Quitéria by
Petrobras in February 2022. At the time, the deal represented Yinson's second project award with Petrobras and
its third project award in Brazil, in line with the group's plans to expand its presence in the country.

The Malaysian player explains that the construction of the FPSO is nearing 70 per cent completion as of June
2023, which is in line with the project schedule, thus, the FPSO is on track to achieve first oil in the second half of
2024. The FPSO Maria Quitéria has a production capacity of 100,000 barrels of oil and five million Sm3 of gas
per day.

According to Yinson, the $230 million loan facility demonstrates the attractiveness and robust investment outlook
of the FPSO industry within the global energy infrastructure market, as well as Yinson Production as “a leading
independent owner and operator of FPSOs worldwide.” GIP was joined in funding the loan by other investors,
including Gramercy Funds Management.

Jon Plavnick, GIP Credit Managing Director, stated: “We are proud to partner with Yinson Production in
connection with this financing for FPSO Maria Quitéria. This transaction highlights GIP Credit's ability to provide
a reliable and flexible capital solution for FPSO Maria Quitéria during both its conversion process in Shanghai
and its eventual time charter operations in Brazil.

“We believe this investment further demonstrates GIP's ability to provide customised capital solutions to top-tier
infrastructure companies globally.”

Recently, Yinson expanded its Brazil-bound FPSO fleet by acquiring an FPSO destined for work at Enauta's oil
field off Brazil. This FPSO is anticipated to be fully operational by mid-2024 with six production wells.