Subject: Successful Completion of Share Buyback Program and Commencement of Disposal of Treasury Shares 

OQ Exploration and Production S.A.O.G. (“OQEP”) is pleased to inform its shareholders and investors of the completion of the share buyback programme, which was announced on 23 July 2025 and concluded on 9 February 2026. 

The programme was implemented in accordance with OQEP’s approved capital management framework and applicable regulatory requirements, resulting in the repurchase of 27,487,280 sharesout of the targeted 45 million to 60 million shares of the Company listed on the stock exchange. 

Following the completion of the programme, and as part of the orderly execution of OQEP’s capital management strategy, and in accordance with Article (91) of the Financial Services Authority’s Executive Regulation for Public Joint Stock Companies, which requires repurchased shares to be disposed of within one year from the completion date, the Board of Directors has approved the disposal of the treasury shares. 

The disposal will be conducted through authorized regulatory channels and in a manner that maintains market integrity and protects the interests of shareholders.A subsequent disclosure will also be published to clarify the mechanism to be followed for the disposal of the repurchased shareswithin one year from the completion of the program, in accordance with the provisions of Article (91) referred to above. 

OQEP remains committed to transparency and sound governance and will disclose any material developments relating to the disposal of the treasury shares in a timely manner, in accordance with the disclosure requirements of the Financial Services Authority and the Muscat Stock Exchange.