Capricorn Energy PlcLSE: CNE

PRESENTATION (2.75 mb) (capricorn 2026 agm presentation)

· Issued by Capricorn Energy Plc
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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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