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Capricorn Energy Plc
Capricorn Energy : PRESENTATION (2.75 mb) (capricorn 2026 agm presentation)
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Capricorn Energy : PRESENTATION (2.75 mb) (capricorn 2026 agm presentation)

Annual General Meeting

Capricorn Energy PLC 21 May 2026



AGM Resolutions

Capricorn Energy PLC 21 May 2026



Capricorn Energy PLC

AGM Resolutions

No.



Resolution

1

To receive the report and accounts for the year ended 31 December 2025.

2

To approve the directors' remuneration report contained in the report and accounts.

3

To approve the directors' remuneration policy contained in the report and accounts.

4

To re-appoint PricewaterhouseCoopers LLP as auditor.

5

To authorise the directors to determine the auditor's remuneration.

6 - 11

To re-elect the current directors.

12

To authorise the Company to allot relevant securities.

13 - 14

To disapply pre-emption rights on allotments of equity securities or sale of treasury shares.*

15

To authorise the Company to make market purchases of the ordinary share capital of the Company.*

16

To authorise the Company to call a general meeting other than an Annual General Meeting on not less than 14 clear days' notice.*

*Special Resolutions (all other resolutions are Ordinary Resolutions)



AGM May 2026 4

Annual General Meeting

Capricorn Energy PLC 21 May 2026



Capricorn Energy PLC

Key achievements in 2025/6

Operational performance

  • Consistent production performance underpinned by effective reservoir management and drilling



Financial improvement



Strategic progress

  • Significant reduction in receivables and debt, enhancing liquidity and enabling self-funded capital expenditure

  • Merged concession agreement reduces execution risk and

    supports future investment



    Cost discipline

    • Maintained strict control of corporate costs since 2023 restructure



      AGM May 2026 6

      A transformational milestone for long-term value

      Western Desert merged concession agreement

      AGM May 2026



      Capricorn Energy PLC

      A transformational milestone for long-term value

      Strategic consolidation

    • Modernising and consolidating eight concessions simplifies operations and enhances fiscal and commercial terms for the Company



      Enhanced economic benefits



      Growth opportunities

  • Improves cost recovery, profit share and gas pricing, boosting free cash flow and field/ licence longevity

  • Access to adjacent development and exploration areas enables organic growth and reserves expansion



    Value creation

    • Rapid execution post-ratification, driving sustainable shareholder returns and growth



AGM May 2026 8

Capricorn Energy PLC



Our strategic focus

Strong operational performance

  • Priorities focused on scaling activity under the merged concession and pursuing value-accretive growth opportunities

    Financial resilience and shareholder returns

  • Debt-free - improved liquidity and disciplined capital allocation ensure financial resilience and consistent shareholder returns

    Growth opportunities

  • Ongoing engagement and business development in Egypt, the UK North Sea and MENA regions support our growth ambitions

Delivering a clear pathway for scalable growth



Annual General Meeting

Capricorn Energy PLC 21 May 2026



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