Afentra Plc · LSE:AET
Afentra — Merger or Acquisition (March 2026)
7 slides from Afentra's merger presentation, Mar 19, 2026
Slide 1: Value driven growth – Etu Transaction Update
African Energy Transition Value driven growth Etu Transaction Update – Sonangol Joins Acquisition 19th March 2026 Afentra plc 0
Slide 2: Disclaimer
Disclaimer • The information set out in this presentation and the accompanying verbal presentation including any question and answer session and any documents or other materials distributed with the presentation (the “Presentation”) has been produced by Afentra plc (the “Company”) as at the date of
Slide 3: Afentra Plc – Introduction
Afentra Plc – Introduction Emerging African Independent with Cash-Generating Assets & Growth Trajectory Key milestones Emerging African Independent E&P focused on Afentra PLC formed with production, near-field development & exploration 2021 $40m cash on balance sheet Signed foundation SPA with Sonan
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% 39.34% – 33.33% in Block 3/05 A
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% 3.33% 3.66% Effective date 30-Sep
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% 3.33% 1% Effective date 30-Sep-21 20-Apr-22 3
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