SNGN Romgaz : Agreement in Principle on the Takeover of Azomures Operational Activity

May 6, 2026

SNGN ROMGAZ SA (hereinafter referred to as "ROMGAZ") informs its shareholders and investors that following negotiations with the representatives of S.C. Azomureş S.A. (hereinafter referred to as "Azomureș"), the parties have reached an agreement in principle regarding the main commercial terms of the transaction with the scope of ROMGAZ acquiring Azomureș operational activity as Transfer of a Going Concern.

The agreement in principle reflects the commercial understanding the parties have reached with respect to the main elements of the transaction, including structure, price and commercial mechanism to be implemented during contract signing and actual completion of transaction.

The Parties will continue with required proceedings to complete negotiations to sign a transaction contract based on the terms agreed in principle.

ROMGAZ will inform the capital market, its shareholders and investors on the finalization of negotiations and obtaining the endorsement of ROMGAZ Board of Directors for signing the transaction contract, and on the main terms of this transaction.

ROMGAZ estimates that completion of negotiations and obtaining the approval of ROMGAZ Board of Directors for signing the transaction contract will occur by end of May 2026, at the latest.

ROMGAZ will inform the capital market, its shareholders and investors on any relevant development regarding this process, in accordance with legal obligations applicable to publicly listed companies.