Investor Presentaiton

Appendix The evolution of Chrysaor PremierOil The Shell & ConocoPhillips North Sea asset acquisitions are the foundation of Chrysaor's current asset base July 2014 November 2017 September 2019 Harbour Energy CHRYSAOR CHRYSAOR Shell UK North Sea ConoccoPhillips UK North Sea 2020 CHRYSAOR Harbour Energy Founded Harbour Energy founded by EIG Global Energy Partners Focused on equity investment in upstream O&G Formed as contrarian play on two key themes: Value in global E&P is more favourable outside the US Priority focus on conventional, producing assets with cash flow Chrysaor's Shell Acquisition Chrysaor (U.K. North Sea company, founded in 2007) acquires a $3.0 billion package of producing U.K. North Sea assets from Royal Dutch Shell (Shell) Equity funding for the acquisition provided by Harbour Energy Debt financing provided by an RBL along with some Seller Financing ConocoPhillips Acquisition Chrysaor acquires ConocoPhillips' U.K. North Sea assets for $2.7 billion Financed by Chrysaor cash and expanded RBL Chrysaor Today Largest O&G producer in the U.K. Highly diverse production base Majority of assets Chrysaor-operated Proven operating and drilling capability Positive cash flow; strong hedging position, low leverage and excess borrowing capacity Numerous value-enhancing organic investment opportunities within the existing portfolio Proven M&A capability; solid pipeline of opportunities in the N. Sea including those with operational and financial synergies Majority (c.90%) owned and controlled by Harbour Energy November 2020 P20

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