Mandate to Structure and Arrange Debt Finance

Summary by AI ^BETAClose X

Seascape Energy Asia PLC has mandated Macquarie Bank Limited to structure and arrange debt finance facilities for the development of its DEWA Cluster (SEA 28%) and Temaris Cluster (SEA 100%) gas fields offshore Malaysia. This multi-tranche debt facility will support development expenditure, with availability tied to specific milestones, and remains subject to successful legal and technical due diligence and Macquarie's internal approvals. The company views this as a significant step towards securing financing for these important gas projects, which aim to bolster domestic supply in Malaysia and serve regional export markets.

Disclaimer*

Seascape Energy Asia PLC

25 June 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 AS AMENDED AND TRANSPOSED INTO UK LAW IN ACCORDANCE WITH THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

25 June 2026

Seascape Energy Asia plc

(the "Company", "Seascape Energy" or "Seascape")

Mandate to Structure and Arrange Debt Finance Facilities

Seascape Energy, an E&P company focused on Southeast Asia, is pleased to announce that it has exclusively mandated Macquarie Bank Limited ("Macquarie") to act as the sole Structuring Bank and Technical and Modelling Bank for the debt financing to support the development of the DEWA Cluster (SEA 28%) and Temaris Cluster (SEA 100%) gas fields, offshore Malaysia.

Seascape will work together with Macquarie over the coming months to structure and execute a multi-tranche, debt facility to meet development expenditure with availability linked to certain milestones typical for this type of financing. Any firm offer of financing remains subject to the successful completion of legal and technical due diligence and Macquarie's receipt of all required internal approvals.

Nick Ingrassia, CEO of Seascape, commented:

"Macquarie Bank has a long history of deploying capital to support growth-focused E&P companies like Seascape. We are extremely pleased they have committed to work with us to secure financing to develop these important gas projects to secure domestic supply into Malaysia and regional export markets."

Ends

Enquiries:
Seascape Energy Asia plc	IR@seascape-energy.com
James Menzies (Executive Chairman) Nick Ingrassia (Chief Executive) Pierre Eliet (Executive Director)

Stifel (Nomad and Joint Broker)	Tel: +44 20 7710 7600
Callum Stewart Jason Grossman Ashton Clanfield	SNELSeascape@Stifel.com

Cavendish Capital Markets Limited (Joint Broker)	Tel: +44 20 7397 8900
Neil McDonald Pete Lynch

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