Completion of Pre-Bid Agreement

• Horizon Oil completed the acquisition of 139,885,879 Cue shares under the Pre-Bid Agreement
• The Offer Period for the takeover closed on 19 June 2026
• Horizon now holds a Relevant Interest in 57.06% of Cue shares
• Eligible Cue Shareholders will receive Offer Consideration by 2 July 2026
• CEO Richard Beament expressed delight at the acquisition completion

Horizon Oil Limited (ASX:HZN) has successfully completed the acquisition of 139,885,879 fully paid ordinary shares in Cue Energy Resources Limited (ASX:CUE) from Echelon Offshore Limited, pursuant to a pre-bid agreement dated 2 March 2026. This acquisition represents approximately 19.90% of all Cue Shares presently on issue. Following the completion of the pre-bid agreement and the close of the takeover offer period on 19 June 2026, Horizon Oil now holds a Relevant Interest in 57.06% of all Cue Shares presently on issue. Eligible Cue Shareholders who validly accepted the offer will be provided their Offer Consideration by 2 July 2026. Horizon's CEO, Richard Beament, expressed satisfaction with the acquisition completion and looks forward to finalizing the takeover and collaborating with Cue on its current operations and future endeavors.