Investor Presentaiton

USD 1.9 BN FCF GENERATED IN 2022, A NEW ALL-TIME HIGH 54 54 71 PRICE REALIZATION, EBITDA, SIMPLIFIED FCF1,2 (USD/BOE) 64 44 42 42 71 110 57 25 27 14 18 2017A 2018A 2019 A 9 2020A 2021A 2022A Realized HC price³ Brent price Unit EBITDA Unit Simplified FCF 548 992 747 409 971 1,905 SFCF (USD mn) 3 Realized HC price exceeded Brent in 2022 1 Simplified free cash flow = EBITDA less Organic CAPEX; Norway tax refund effect excluded; Entitlement production basis; figures include equity assets and ACG/BTC contribution from 16th April 2020 2 Breakdown of price realization and SFCF figures exclude results of discontinued operations, as of 01.01.2021. MOLGROUP | 49

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