Transition to Renewable Energy

• Cue: A Strategic Alliance Context NZO shareholding of 50.04% in Cue since 2015 - NZO team provide technical, legal and financial services to Cue under a Managed Services Agreement creating synergies and keeping costs down – Cue own assets in NZ, Australia and Indonesia cue energy ASX:CUE Updates - Cue continues with drilling out the Mahato Oil Field in Indonesia boosting production 36%(1) – Workovers at the Maari Oil Field in New Zealand raising production 40%(1) Revenues up 18%(¹) Lookahead - Three Mereenie infill wells - Assess further drilling at Mahato - Sampang final investment decision for Paus Biru field Field Life extensions at Maari [1] Year-on-Year, refer to Cue CEO AGM Presentation LOAN WORD 11

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