Afentra Plc · LSE:AET

Afentra — Merger or Acquisition (June 2025)

7 slides from Afentra's merger presentation, Jun 19, 2025

  1. Slide 1: Value driven growth: Etu SPA

    African Energy Transition Value driven growth Etu SPA June 2025 Afentra plc 0

  2. Slide 2: Disclaimer

    Disclaimer • The information set out in this presentation and the accompanying v erbal presentation incl uding any question and answer sessi on and any documents or other materials distri buted with the presentation (the “Presentation”) has been produced by Afentra plc (the “Company”) as at the date

  3. Slide 3: Afentra Plc – Introduction

    Afentra Plc – Introduction Emerging African Independent with Cash-Generating Assets & Growth Trajectory Key milestones Impact of Etu Acquisition Afentra PLC formed with 2021 Net Average Production 2024 $40m cash on balance sheet Signed foundation SPA with Sonangol 6,229 bopd 7,305 bopd 2022 Signed s

  4. Slide 4: Afentra Increases Exposure to Blocks 3/05 and 3/05A

    Afentra Increases Exposure to Blocks 3/05 and 3/05A Building Scale and Alignment in Core Angola Assets Block Post completion interests Acquisition Highlights 3/05 INA deal Sonangol deal Azule deal Etu deal ▪ Increases Afentra’s interests to: Sonangol (op.) 50% 36% 36% 36% – 35% in Block 3/05 Afentra

  5. Slide 5: ETU Deal Structure Mirrors Previous Transactions

    ETU Deal Structure Mirrors Previous Transactions Acquisition Structures for Block 3/05 and 3/05A transactions Detailed acquisition structure INA Sonangol Azule Etu (at SPA) 3/05 3/05A 3/05 3/05A 3/05 3/05A 3/05 3/05A Working interest acquired 4% 5.33% 14% 0% 12% 16% 5% 6.67% Effective date 30-Sep-21

  6. Slide 6: ETU Commercial Terms Reflect Deal Discipline

    ETU Commercial Terms Reflect Deal Discipline Block 3/05 Commercial Terms Overview Detailed acquisition structure INA Sonangol Azule Etu (at SPA) Net WI Per % WI Net WI Per % WI Net WI Per % WI Net WI Per % WI Working interest acquired 4% 1% 14% 1% 12% 1% 5% 1% Effective date 30-Sep-21 20-Apr-22 31-O

  7. Slide 7: Uniquely positioned to capitalise on the African Energy Transition

    Uniquely positioned to capitalise on the African Energy Transition 1. 2. 3. 4. 5. Significant hydrocarbon Gap in market for Proven team Committed to African Energy Transition resource base in Africa credible operators to with significant responsible stewardship provides compelling with material M&A

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