Notice to Free Offer from Conditions

• Horizon Oil declares its offer for Cue Energy Resources free from certain conditions
• Offer free from conditions including no material adverse change, no regulatory action, etc.
• Horizon holds 52.46% voting power in Cue Energy as of the notice date

Horizon Oil Limited has issued a notice to free its off-market takeover bid for Cue Energy Resources Limited from certain conditions as outlined in the Corporations Act. The bid, which has been free from conditions such as no material adverse change, no regulatory action, and others, aims to facilitate a smoother acquisition process. As of the notice date, Horizon Oil holds a significant voting power of 52.46% in Cue Energy, indicating a strong position in its pursuit of the acquisition.