Investor Presentaiton

Balance sheet Balance sheet significantly de-levered and equity increased Assets YE 2023 YE 2022 Equity and liabilities YE 2023 YE 2022 $ million $ million $ million $ million Goodwill 1,302 1,327 Other intangible assets 1,172 880 Equity 1,540 1,021 Property, plant and equipment 4,717 5,690 Borrowings 509 1,238 Right-of-use assets 587 735 Decommissioning provisions 4,048 4,141 Deferred tax asset 7 1,407 Deferred tax liabilities 1,260 397 Financial assets 282 184 Lease liabilities 673 825 Other assets 1,550 1,843 Financial liabilities 284 3,450 Cash Total assets 280 9,897 500 Other liabilities 1,583 1,494 12,566 Total equity and liabilities 9,897 12,566 Reduction in borrowings reflects repayments on the RBL (now undrawn), and comprises an unsecured bond Reduction in PP&E reflects normal depreciation, impairments and reclassification of Vietnam assets to asset held for sale Significant reduction in net financial liabilities reflects matured hedges and lower UK gas forward curve, resulting in a swing from a net deferred tax asset to a net deferred tax liability Increase in equity driven by reduction in unrealised derivative liabilities, offset by share buybacks and dividends Harbour Energy | Investor Presentation Harbour Energy 30

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