• Brookside to undertake an on-market share buy-back of up to 4.8 million shares, representing 5% of issued capital
• Share buy-back consistent with Brookside's disciplined capital allocation strategy
• Timing and scale of purchases subject to market conditions and alternative capital deployment opportunities

Brookside Energy Limited (ASX: BRK) is pleased to announce its intention to undertake an on-market share buy-back of up to 4.8 million fully paid ordinary shares, representing approximately 5% of the Company's issued capital. Based on a share price of A$0.40, the total cost of the Share Buy-Back would be approximately A$1.92 million. This initiative is consistent with Brookside's disciplined capital allocation strategy, which is built around three core pillars: Grow Production, Build Scale, and Return Capital. In the current macroeconomic environment, the Board believes that a share buy-back represents a prudent and value-accretive use of capital. The Share Buy-Back will commence this quarter and remain in place through to 30 June 2026, unless completed earlier. The timing and scale of any purchases will be subject to market conditions, trading volumes, and the Company's assessment of alternative capital deployment opportunities. The Company will only buy back shares where it considers the action to be in the best interests of shareholders and consistent with disciplined capital management. Should market conditions change, such as a material increase in oil prices or the emergence of attractive growth or acquisition opportunities, capital may be redirected accordingly toward development or expansion.