Replacement Bidder's Statement (Clean)

• Horizon Oil Limited has released a replacement Bidder's Statement for its off-market takeover bid for Cue Energy Resources Limited
• The Offer consideration is a combination of A$0.008 cash and 0.5625 Horizon Shares per Cue Share
• The Offer closes at 7:00pm (Sydney time) on 5 June 2026, unless extended or withdrawn

Horizon Oil Limited (Horizon) has released a replacement Bidder's Statement in relation to its off-market takeover bid for all the ordinary shares in Cue Energy Resources Limited (Cue) that Horizon does not already have a relevant interest in. The Offer consideration is a combination of A$0.008 cash and 0.5625 Horizon Shares per Cue Share. The Offer closes at 7:00pm (Sydney time) on 5 June 2026, unless extended or withdrawn. Horizon has lodged the replacement Bidder's Statement with ASIC and sent it to Cue Shareholders. The replacement Bidder's Statement sets out the terms of the Offer and includes information required by the Corporations Act, as well as disclosures regarding forward-looking statements, past performance, and Cue and Combined Group information. The Bidder's Statement also provides details on the treatment of Ineligible Foreign Shareholders and the regulatory requirements in various jurisdictions.