Jefferies Financial Group Investor Day Presentation Deck

Vitesse Energy Story Vitesse ▪ Vitesse is a non-operated working and royalty interest owner of oil and gas assets primarily in the Bakken oil field in North Dakota and focused on acquiring properties with significant development potential and converting its substantial inventory of undeveloped locations into cash flowing wells ▪ As a non-operated working interest owner, Vitesse leverages the drilling, completion and production technology and expertise of leading oil and gas operators (Continental, EOG, Conoco, Hess and others) by investing alongside and participating with them on a proportionate basis in the production and drilling of horizontal wells ▪ Vitesse has interests in over 6,100 productive wells (133 net wells) with an average working interest of 2.6% per working interest well, and an additional ~800 gross wells (16 net) that are drilling, completing or have been permitted for development within its 48,000 net acres as of August 31, 2022 ▪ The Company has completed over 120 acquisitions totaling $520 million and deployed a further $400+ million in the development of its oil and gas properties ▪ As of November 30, 2021, Vitesse had proved reserves of 42.5 million Boe and an estimated inventory of 200+ net undeveloped drilling locations ▪ The Company has always maintained conservative debt levels. Net Debt(¹) at August 31, 2022 was $58 million, representing 0.4x LTM Adjusted EBITDA(¹) Approximately 30% of Vitesse's expected oil production is hedged in 2023 and 2024 at a weighted average price of $77.50/Bbl Our executive team of Bob Gerrity (CEO), Brian Cree (President) and Dave Macosko (CFO) have a combined 75+ years of experience in the oil and gas industry Jefferies has announced that it anticipates Vitesse will be spun off to its shareholders by year-end ■ I See pages 65-69 at the back of this presentation for endnotes. 57 Jefferies

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