Bidder's Statement

• Horizon Oil Limited (ASX:HZN) makes off-market takeover bid for Cue Energy Resources Limited (ASX:CUE)
• Offer of A$0.008 cash and 0.5625 Horizon shares per Cue share
• Bidder's Statement lodged with ASIC and provided to Cue

Horizon Oil Limited (ASX:HZN) has announced an off-market takeover bid to acquire all of the ordinary shares in Cue Energy Resources Limited (ASX:CUE) that Horizon does not already own. Under the terms of the offer, Cue shareholders will receive a combination of A$0.008 cash and 0.5625 Horizon shares for each Cue share. The Bidder's Statement has been lodged with the Australian Securities and Investments Commission (ASIC) and provided to Cue. Horizon has set 7:00pm (AEDT) on Tuesday, 3 March 2026 as the relevant date for determining the holders of Cue securities to whom information about the offer will be sent. The offer is subject to a number of conditions and Cue shareholders are advised to read the Bidder's Statement carefully and consult their financial, legal or other professional advisers before deciding whether to accept the offer.