Clough Confirms Disposal of Shares in Petrosea

Clough Limited is aware of market rumors regarding the potential disposal of its shares in PT Petrosea Tbk.

Clough confirms that following a strategic review of its operations, its Board resolved to start the process to sell the Company's 82% shareholding in Petrosea. The decision was taken to allow Clough to strengthen its focus in the oil and gas sector.

Advisors have been appointed to assist with the sale process and discussions continue with a number of interested parties.