Proposed Return of Capital of A$20M and Share Consolidation

• Proposed A$20M capital return to shareholders
• Share consolidation on a 100:1 basis
• Aimed at efficient capital structure and reducing share price volatility

Otto Energy Limited (ASX: OEL) announced plans to return approximately A$20.0 million to shareholders, equivalent to A$0.417 per share post-consolidation, and consolidate its issued capital on a 100:1 basis. This initiative aims to return surplus cash to shareholders efficiently, reduce the number of shares in issue, and maintain an appropriately sized capital structure. The proposed capital return will be funded from existing cash reserves and is subject to shareholder approval at the Annual General Meeting on 13 November 2026. A full explanatory memorandum will be provided to shareholders ahead of the meeting.