Investor Presentaiton

Afentra Corporate Formation Foundation and road to success Afentral STERLING ENERGY PLC Feb-Mar 2021 O Apr-May 2021 New leadership & owners (i) P.McDade & I.Cloke appointed executive directors (ii) Replaced key shareholders (44.89% of issued shares) with new owners (iii) J.MacDonald and G.Wilson appointed Chairman and NED, replacing outgoing directors Afentra Management Re-brand & official launch Implementing a new, buy-and-build strategy to capitalise on opportunities resulting from the accelerating energy transition on the African continent Apr & July 2022 August 2022 о July 2023 Foundational transactions Re-admission to AIM Sonangol NA Signed SPAs with Sonangol and INA for assets offshore Angola, constituting a Reverse takeover (Rule 14, AIM Rules) Joined 2021 Joined 2021 TULLOW LASMO KUFPEC ERCE TULLOW பர் ExxonMobil LASMO Publication of Admission Document; resumption of trading on AIM 3rd production deal AZULE ENERGY Signed SPA to acquire Azule Energy's interests in Blocks 3/05 and 3/05A. Amended SPA with Sonangol for Block 3/05 acquisition. Joined 2021 TULLOW Un FLOWSTREAM FIRSTRESERVE Goldman Sachs Afentra's founding principles (April 2021) The Global Energy Transition will take time. Hydrocarbons are part of the transition and will continue to remain important in the overall energy mix. It is vitally important that we responsibly manage what has already been found. The socio-economic impact of the energy transition needs to be considered alongside the climate impact. Afentra was formed to deliver this balance and create significant value for shareholders. Paul McDade Chief Executive Officer ConocoPhillips 35 years in international oil & gas Afentra plc lan Cloke Chief Operating Officer >25 years in international oil & gas Anastasia Deulina ConocoPhillips Chief Financial Officer >20 years in global, tier-1 financial institutions and energy corporates Merrill Lynch 2

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