Etablissements Maurel & Prom announced the signature of amendment agreements (together the “Amendments”) to re-profile the repayment of its two debt facilities, the USD 600 million term loan with a syndicate of lenders (the “Term Loan”) and the USD 200 million loan (USD 100 million drawn and USD 100 million undrawn) from M&P’s controlling shareholder PT Pertamina International Eksplorasi Dan Produksi (“PIEP”) (the “Shareholder Loan”). Under the terms of the Amendments, the scheduled debt repayments for both facilities have been reduced in 2020 and 2021, allowing M&P to maintain ample liquidity and better adapt debt repayments to cash flow generation and investment profile. The amendment to the Shareholder Loan also demonstrates the continued support of PIEP to M&P, as a significant amount of its repayment has now been pushed to 2024, beyond the final maturity date for the Term Loan. As a condition to the amendment to the Term Loan, it has been agreed with the lenders that dividend distribution will be capped at an annual amount of USD 15 million for 2021 and 2022. As a reminder, as per the terms of the original Term Loan agreement signed in December 2017, M&P’s dividend distribution is currently limited to an annual amount of USD 10 million until year-end 2020.