Vermilion Energy Financial and Operational Overview

VERMILION ENERGY PARENTIS SUSTAINABILITY PARTNERSHIP Vermilion was the recipient of France's Circular Economy Award for our project to supply geothermal heat from our oil operation to local greenhouses The award recognizes economically successful enterprises that operate within a "circular economy," in which businesses and processes conserve, reuse and recycle resources Provides 8 MW of renewable energy and prevents the emission of 10,000 tonnes of CO2/year Environmental and Economic Benefits CDP A LIST 2006 CLIMATE Our recycled energy project produces 7,500 tonnes of tomatoes per year and avoids ~10,000 tonnes of CO2-equivalent emissions This project created 250 direct agricultural jobs in a region in need of investment This long-term, economically and environmentally sustainable local industry is projected to increase to 500 jobs through ongoing greenhouse investment Recycles geothermal energy that is a byproduct of Vermilion's oil operation Makes local tomatoes available and affordable, reducing the need for imports with associated transportation emissions Co-Location of Oil Field and Greenhouse Located in the Aquitaine Basin, our Parentis Lake is the second largest onshore oil field in Europe Vermilion's Parentis pre-existing office and battery are in the foreground of this aerial photograph 15 hectares of tomato-producing greenhouses are now located next to our office to take advantage of our geothermal energy (background of aerial photograph) Operation Our oil operation produces a mix of hot oil and water, which comes out of the ground naturally heated to 60°C Hot water is sent through a closed-loop heat exchanger with the Tom D'Aqui greenhouse heating system Water is reused by pumping it back underground in an enhanced oil-recovery waterflood project PARTNERSHIP CREATES A NEW ENVIRONMENTALLY AND ECONOMICALLY SUSTAINABLE INDUSTRY VET: TSX ! NYSE 37

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