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PetroSaudi International statement on Swiss Attorney General's announcement

(Riyadh) The Office of the Attorney General of Switzerland announced on 29 January that it had sent requests for mutual assistance to Malaysia in connection with an on-going investigation into two former officials of 1MDB (1 Malaysia Development Berhad).  PetroSaudi was one of 4 companies to which reference was made in the announcement.  PetroSaudi entered into a Joint Venture (JV) agreement with 1MDB in 2009. PetroSaudi  is not the subject of any investigation and has not been accused of any criminal conduct. As it has publicly stated, PetroSaudi denies any wrong-doing in connection with the JV, which was wound up in 2012. In the event that PetroSaudi’s assistance is requested it will co-operate fully with the authorities.