Completion of Pre-Bid Agreement

• Horizon Oil acquired 139,885,879 Cue Shares under the Pre-bid Agreement
• Horizon Oil now holds a Relevant Interest in 57.06% of Cue Shares
• The Offer Period for the Takeover closed on 19 June 2026
• Eligible Cue Shareholders will receive Offer Consideration by 2 July 2026

Horizon Oil Limited has successfully completed the acquisition of 139,885,879 Cue Energy Resources Limited shares under a pre-bid agreement, representing approximately 19.90% of all Cue shares currently on issue. This acquisition, along with the completion of the takeover offer, has resulted in Horizon now holding a Relevant Interest in 57.06% of all Cue shares. The offer period for the takeover closed on 19 June 2026, and eligible Cue shareholders who accepted the offer will receive their consideration by 2 July 2026.

Horizon Oil is looking forward to finalizing the takeover and collaborating with Cue on its operations and future endeavors.