Neptune Norway's Asset Portfolio Integration

16 Attractive dividend policy maintained Dividends USD million 450 950 800 1075 20-30% of CFFO (after tax) (illustrative) 2020 2021 2022 ambition 2022 actual at IPO 2023 2024 2025 2026 Dividend policy of 20-30% of cashflow from operations after tax over the cycle Robust returns with flexibility over the cycle Transaction expected to strengthen future dividend capacity Dividend guidance Q2 2023 270 USD million Planned dividend for 2023 ~30% of CFFO after tax vår energi

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