The Norwegian Transparency Act, Annual Report

ALNG ASA June 24, 2026

ALNG ASA

Postal address: P.O.Box 1583 Vika, NO-0118 OSLO, Norway Visiting address: Haakon VIIs Gate 1, 0161 OSLO Telephone: +47-2201 4200.

Enterprise NO 996 564 894 MVA

1. ALNG'S REPORT PURSUANT TO THE TRANSPARENCY ACT FOR 2026 3

   1. Introduction 3

   2. Contact information 3

   3. Duty to account for the due diligence 3

2. ABOUT THE COMPANY'S OPERATIONS 3

   1. The company's organisation and area of operations 3

   2. Internal guidelines 4

   3. Ambitions and progress 4

      1. Overall ambitions and progress 4

      2. Ambitions for the coming year 4

3. THE DUE DILIGENCE 6

   1. Focus for ALNG's due diligence 6

   2. The company's supply chain and business partners 7

   3. The due diligence assessments of the company's products/services 7

      1. Ship management - Vessel crew 8

      2. Technical Ship Management - Dry docking 8

      3. Trading activities - Supplier value chains and counterparties 8

   4. The result of the due diligence assessment 8

4. MEASURES TO CEASE, PREVENT OR MITIGATE THE ADVERSE IMPACT 9

5. MONITORING OF THE MEASURES - IMPLEMENTATION AND RESULTS 10

   1. Introduction 10

   2. Procedures for monitoring 10

6. COMMUNICATION WITH AFFECTED STAKEHOLDERS AND RIGHTS-HOLDERS 10

7. REMEDIATION AND COMPENSATION 11

1. ALNG'S REPORT PURSUANT TO THE TRANSPARENCY ACT FOR 2026
   1. Introduction

      ALNG ASA with subsidiaries, together the ALNG Group, shall conduct due diligence in accordance with the Transparency Act each year and publish a report on the assessments and findings.

      The purpose of the Transparency Act is to promote companies' respect for fundamental human rights and decent working conditions.

      This report comprises the company's duty to account for the due diligence assessments conducted by the company until the publication of this report in June 2026. In the report, the company also describes the measures that have been assessed and implemented to reduce the risk of adverse impact the company's activities may have on fundamental human rights and decent working conditions.

   2. Contact information

      Any inquiries in connection with this report can be directed to:

      ALNG ASA

      CFO, Per Heiberg ph@alngasa.no

   3. Duty to account for the due diligence

      The company is headquartered at Haakon VIIs Gate 1, NO-0161 OSLO and is resident in Norway. The company is a public limited liability company and is subject to reporting obligations.

2. ABOUT THE COMPANY's OPERATIONS
   1. The company's organisation and area of operations

      The company had four employees at the end of 2025. The Group handles commercial and technical operations of the vessels from its office in Oslo. The Group purchases certain administrative services from Awilhelmsen Management AS and technical sub-management services from Integrated Wind Solutions AS, all companies in the Awilhelmsen Group. The Awilhelmsen Group is also ALNG's largest shareholder holding 30.1% of the shares.

      The ALNG Group ("ALNG" or the "Group") is a fully integrated pure play LNG transportation provider, owning and operating two LNG vessels. The Group currently owns two 2013-built TFDE LNG carriers and perform worldwide transportation services.

      The company's wholly owned subsidiary, ALNG Trading AS, is set to engage in its start up trading of the LNG commodity this year. The Group's operations are thus expanded to trading of LNG commodity, including hedging through financial instruments. Consequently, the Group will engage in business with various new counterparties, including sellers, buyers, and financiers of the LNG commodity. The Group will also establish subsidiaries in the United Kingdom (London, England) and the United States (Delaware) to support the new activities.

      The company is adapting its know-your-customer checks as well screening procedures in order to sufficiently evaluate the risks related to breaches of human rights and decent working conditions in relation to the new counterparties, in addition to evaluating the risks for breaches related to regulations on sanctions and export control, anti-money laundering, anti-bribery, and anti-terrorist financing.

   2. Internal guidelines

      The company has its own guidelines on how we embed the work on human rights and decent working conditions. The procedures comprise the work that needs to be done by the company to meet the requirements set out in the Transparency Act.

      The company's guidelines were established and adopted by the company's board of directors on February 15, 2023. The guidelines have been distributed to the company's employees. In light of the trading activities to be carried out by ALNG Trading AS, the internal guidelines are under review and will be updated to include the new activities and evaluation of the new counterparties.

      The guidelines describe how the company conducts its due diligence and assessment of the measures. The guidelines also contain information about the company's whistleblowing channels that are meant to uncover adverse impact on fundamental human rights and decent working conditions linked with the company's activities.

   3. Ambitions and progress

      1. Overall ambitions and progress

         We work continuously on assessment of risks related to the company's activities and make use of our suppliers and business partners in this respect. Furthermore, the company works continuously on implementing measures to achieve the ambitions set by the company.

      2. Ambitions for the coming year

We have set several concrete ambitions for the future.