Vermilion Energy Financial and Operational Overview

VERMILION ENERGY COMMODITY HEDGE POSITION 2020 100% 2021** 100% PERCENTAGE OF PRODUCTION HEDGED (%) 90% 80% 70% 60% 50% 40% 30% 20% 10% PERCENTAGE OF PRODUCTION HEDGED (%) 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 0% WTI Brent European Natural Gas N.A Natural Gas Corporate Total WTI Brent European N.A Natural Gas Natural Gas Corporate Total Average Floor C$61.10/bbl C$51.63/bbl C$7.10/mmbtu C$1.60/mmbtu Average Floor C$8.27/mmbtu C$2.29/mmbtu ■Swaps Collars 3-Ways Basis Swaps Swaps Collars 3-Ways Basis Swaps VISIT VERMILIONENERGY.COM/INVEST-WITH-US/HEDGING.CFM FOR MORE DETAILED HEDGING INFORMATION *Company estimates as at November 4, 2020. Bought Put Options are included as Collars in the chart above. Average prices above do not reflect the impact of Sold Puts within the 3-way structures which can alter the average floor price depending on the underlying commodity price. Average prices reflect exchange rates as follows: USD/CAD 1.35; EURCAD 1.54; GBP/CAD 1.71. 2021 hedge percentages based on contracts in place as at November 4, 2020 as a percentage of current 2020 production guidance. ** VET: TSX 32 NYSE

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