"Woodside has decided to withdraw from its interests in Myanmar. Woodside has operated in Myanmar since 2013. conducting multiple exploration and dr i lling campaigns. It holds a 40% participating interest in the A -6 Joint Venture as joint operator and participating interests in exploration permits AD-1 and A D-8. Woodside had previously announced that it was placing all Myanmar business decisions under review following the State of Emergency ded ared in February 2021 and the deteriorating human rights situation in the country. In 2021 Woodside completed the relinquishment o f exploration permits covering offshore Blocks AD-2. AD-5 and A -4 and is in the process o f withdrawing from Blocks AD-8 . AD-7 and A-7. Woodside w ill now commence arrangements to formally e xit B locks AD- 1 and AD-8 , the A -6 Joint Venture and the A -6 production sharing contract (PSC) held w ith the Myanma Oil and Gas Enterprise (MOGE). The non-cash expense associated with the decision to w ithdraw from Blocks A -6 and AD-1 is expected to impact 2021 net profit a fter tax (NPAT) by approximately US$138 million. This is in addition to the US$71 million exploration and evaluation expense for B lock AD-7 disclosed in Woodside's Fourth Quarter Report on 20 January 2022. These costs w ill be excluded from underlying NPAT fo r the purposes of calculating the dividend. Woodside CEO Meg O'Neill said while W oodside had hoped to develop the A -6 gas resources w ith its joint venture participants and deliver much-needed energy to the Myanmar people, there was no longer a viable option fo r Woodside to continue its activities. "Woodside has been a responsible foreign investor in Myanmar since 2013 w ith our conduct guided by the UN Guiding Principles on Business and Human Rights and other relevant international standards. "Given the ongoing situation in Myanmar we can no longer contemplate Woodside’s participation in the development o f the A-6 gas resources, nor other future activities in-country." she said..."