Investor Presentaiton

2023 Alaska Investor Trip Local Content and Contribution Strong stakeholder support aligned through royalty and land use agreement, high local content Long Term Land Use Agreement with Kuukpik • • PAGE Kuukpik and Santos leadership on NDB Pad Subsistence preservation and open access with close cooperation Provisions for employment, training and business development and transparency on planned activities to minimize impacts • Other long-term benefits focused on sustainable support of community • Community projects total US$59 million gross (US$31 million net 51% working interest) Local Content & Contracting • • Project committed to local content and sourcing where possible Alaska vendors (Native and Non-Native) account for ~1/3 of vendor spend to date Pikka Phase 1 Vendor Spend through June 2023 Non-Alaska Vendors AK Native Vendors AK Vendors • (Non-Native) Santos Santos Tax & Royalty Impacts to Local Stakeholders North Slope Borough receives 95% of all local tax revenue from oil and gas-related property taxes • ASRC receives royalty payments for its mineral rights ownership 44

View entire presentation