• Current CEO Shaun Ankers to retire by end of 2026
• Company well-positioned for next phase of growth
• Board has commenced search for new high-calibre CEO

Energy One Limited ('The Company') has announced that the current Chief Executive Officer, Mr Shaun Ankers, has informed the Board of Directors of his intention to retire by age 60, at the end of calendar 2026 (i.e. in approximately 15-18 months). Mr Ankers is providing an extended notice period to enable the Company to conduct an effective, orderly and extended transition to a new CEO. During this time, Mr Ankers will remain fully engaged and will support the leadership team throughout the transition. The Company is already well-managed and increasingly diversified, talent-wise, having invested in building capability throughout the organisation to support its global ambitions. This has included appointing new C-Level roles, strong managers and implementing a global matrix-type organisation structure, ongoing empowerment of local business units, investing in improved corporate systems and in best-practice operational methods. The Company operates with an Executive and Country Leadership Team distributed globally, reducing key person risk and empowering autonomy for long-term growth. Accordingly, the Company is well-placed to prepare for the next phase of its growth, capitalising upon its current strong position, health, and opportunity. The Board has commenced a process to appoint a new Chief Executive Officer with a mandate to continue the trajectory of growth and has engaged Riverstone Associates to lead an international search for a high-calibre leader who will enhance and accelerate Energy One's growth strategy. The extended transition and handover will ensure the leadership change is appropriately supported, with no disruption to the Company's strategic focus or momentum.

The next phase for the Company is about stepping up from being an effective global operator to becoming a global powerhouse. The Company is well positioned to appoint a CEO who will bring fresh energy and vision to take full advantage of the opportunities ahead.