Yinson Annual Report 2019

Where it all began Yinson was founded in 1983 as a humble transport and logistics company in Johor Bahru, Malaysia. Over the next 20 years, Yinson grew to become one of Malaysia’s biggest transport companies, operating a fleet of 365 trucks and supplying a further 565 trucks to our customers. In 2011, Yinson ventured into the oil and gas industry by forming a consortium with PetroVietnam Technical Services Corporation (“PTSC”, a subsidiary of PetroVietnam). The joint venture company was awarded a contract for the charter of a Floating Storage and Offloading (“FSO”) vessel, FSO PTSC Bien Dong 01, which paved the way for Yinson to win a contract for the charter of a Floating, Production, Storage and Offloading (“FPSO”) vessel, FPSO PTSC Lam Son. Evolution In 2014, our business was further strengthened with the acquisition of established Norwegian FPSO company Fred. Olsen Production ASA. Through the acquisition, Yinson inherited a strong and experienced team, as well as contracts for a further three FPSO vessels and a Mobile Offshore Production Unit. By mid-2016, Yinson divested its non-oil and gas business segments, streamlining the business to specifically serve the offshore oil and gas industry. Yinson today Today, with our diversified geographical presence and extensive engineering and operational expertise, Yinson boasts a main fleet of five FPSOs and one FSO, complemented by four Offshore Support Vessels and an oil tanker. We are a full-fledged FPSO company, with an excellent track record of project execution and operations. Our extensive experience in the timely delivery of floating solutions for the offshore oil and gas industry, plus our commitment to excellent project execution, has brought us to where we are today - Yinson is the 6 th largest independent FPSO leasing company globally. Our journey Yinson is one of the world’s leading Floating, Production, Storage and Offloading service providers, with a presence in eight countries. We design, construct, own, lease and operate modern, purpose-built offshore production assets for the oil and gas industry. 9 Yinson Group Overview Strategy and Sustainability Governance Accountability Annual General Meeting