Investor Presentaiton

nergy MIDSTREAM GAS: INCREASE CAPACITY AND SALES Delivering long-term visibility and stability of cash flows from gas sales and ANOH gas plant Oben ANOH Sapele Sep Improve revenues and cash generation by increasing capacity utilisation, including third- party gas suppliers Deliver strong incremental cash flow through wet gas revenues and dividends from AGPC joint venture Deliver incremental cash flow from gas sales and LPG, whilst also reducing flaring ■ 116.5 MM scfd average for 9M 2023 (+3.3% YoY) ■ Average gas price of $2.87/Mscf (+3% YoY) Driven by upward price reviews to gas contracts - ■ Continuing focus on increasing capacity utilisation at Oben by sourcing third party gas for processing. 11 Develop third-party gas resource SEPLAT ENERGY | INVESTOR PRESENTATION ▪ Gas plant; reached 95% completion track for 2023 completion - on ■ OB3 pipeline; river crossing grouting & tunneling continues. Completion of pipeline installation rescheduled to end 2023 Spur line; poor weather, deterioration of security situation in recent quarter. Completion targeting end 2023 gas, Upstream unit operator drilling ahead on fourth and final well for first completion expected in 4Q23 First gas expected Q3-2024 Project 75% complete ■ Plant upgrade will increase capacity by 85 MMscfd and will enable delivery of export-standard gas ▪ LPG module processing new markets for LPG products will open ■ Three out of four compressors on the Sapele Accelerated Gas project have now been commissioned Plant commissioning in 2024 reliable energy, limitless potential

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