Our Stakeholders

Valeura has identified key considerations for each stakeholder group, and has defined its means of engagement and interaction as follows:

Stakeholder Group

Key Considerations

Engagement and Interaction

Contractors

· Working conditions that prioritise safety and well being through proactive measures

· Continued professional business relationships

· Access to workspace and equipment conductive to optimising productivity

· Transparent and timely compensation

Direct Engagement:

· Open communication forums, townhalls, workshops and engagement events, usually in conjunction with employee events

· Videos, meetings, emails, and web-based platforms for internal communications

· Internal journalism through SharePoint publications covering strategic endeavours, Company performance, and community engagement projects

· Opportunities for contractors to participate in engagement events as well as targeted training and workshops to enhance contractor skills

Strategic interaction:

· Stakeholder perspective and preference surveys

· Grievance mechanism to address and resolve concerns

· Promotion and encouragement of contractor participation in the Health, Safety, Security and Environment (HSSE) Committee

Domestic and International Customers

· Safe, responsible, and efficient fulfilment of contractual obligations

· Transparency and timeliness in the bidding process

· Assurance of product quality, specifically regarding potential contamination

Direct engagement:

· Regular meetings, monthly calls, and quality certification with a focus on customer satisfaction in compliance with ISO9000

· Stakeholder perspective and preference surveys.

Strategic interaction:

· Issuance of tender invitations two months in advance and ensuring transparency in the bidding process

· Grievance mechanism to address and resolve concerns

· Crude assay assessments to ensure quality of products and consistency verification

Employees

· Working conditions that prioritise safety and wellbeing through proactive measures

· Equitable and competitive

 compensation and benefits

· Continued employment/business relationship with structured opportunities for professional growth and skill development

· Access to workspace and equipment conducive to optimising productivity

· Stable employment

· Transparency and equity in remuneration, including benefits

Direct engagement:

· Open communication forums, townhalls, workshops and employee engagement events

· Videos, meetings, emails, and web-based platforms for internal communications

· Internal journalism through SharePoint publications covering strategic endeavours, Company performance, and community engagement projects

· Targeted training and learning opportunities for skill enhancement

Strategic interaction:

· Stakeholder perspectives and preferences surveys

· Grievance mechanism to address and resolve concerns

· Provision of ongoing learning opportunities for skill enhancement, including in-house hands-on workshops and courses

Government Authorities

· Compliance with high standards of transparency and governance

· Regular communication with relevant government agencies to exchange operational information and reinforce cooperation

· Execution of a robust investment strategy for mutual value creation

· Commitment to exceptional safety performance

· Rapid and efficient response to emergency situation

· Demonstrated aspirations to energy security and transitioning toward lower carbon economy

· Participation in community development and sustainability initiatives

Public Disclosures:

· Website and social media platforms

Public meetings:

· Collaborations with government-associated /government-affiliated industry groups, such as Petroleum Institute of Thailand (PTIT)

Direct Engagement:

· Communication through Country Manager and Government Affairs teams

· One-on-one meetings

· Collaboration on environmental activities, and community development initiatives with key government entities

Industry Peer Organisations

· Compliance with industry regulations and standards, ensuring alignment with industry best practices

· Active participation and contribution in industry-led initiatives

· Knowledge-sharing activities and technical communities for industry advancements

Direct engagement:

· Meetings, seminars and workshops with industry peers

· Knowledge and experience sharing on potential standards for regulatory framework development (including oil spill response preparedness, decommissioning best practices, etc.)

Local Communities

· Contribute to community development including infrastructure and educational support

· Partner with other parties to implement initiative

· Transparent communication on plans and potential impacts

· Proactively address community concerns

· Collaboration initiatives with the local community

· Considering impacts on community livelihood, especially fisheries community

· Transparent communication on operations, plans and potential impacts

· Proactive management and addressing community concerns for a harmonious relationship

Public Disclosures:

· Website and social media platforms, including local language accounts

Direct Engagement:

· Local community meetings

· Special events to foster community engagement

Strategic Interaction:

· Annual mapping and communications oversight of interactions by country management and government affairs team

· Establishment of a robust grievance mechanism to address and resolve stakeholder conce3rns effectively

· Corporate social responsibility (CSR) projects.

Media

· Access to information

· Report on positive or negative development of business

· Access to relevant information on business growth, execution of Company’s strategy

Public Disclosure:

· Publicise business activities and news through written, visual, and video content through social media platforms

Direct engagement:

· Journalist interviews

· Proactive media outreach to through public relations agents

· Continual accessibility of Company spokepersons, as governed by the Company’s disclosure policy

Potential Debtholders

· Commitment to meet debt repayment obligations and financial covenants

· Prescription of sustainability reporting formats/ metrics/ standards

Direct engagement:

· Direct Engagement with lenders through the debt negotiation process

Shareholders

·  Financial performance (value growth)

·  Sustainable and responsible implementation of business strategy

· Transparent reporting of sustainability (ESG) and operational performance in alignment with international standards

· Demonstration of strategic direction in reducing greenhouse gas (GHG) emissions

Public Disclosures:

· Disclosure in accordance with regular/stock exchange-mandated channels: distribution of press releases through an approved newswire service, SEDARplus.ca

· Disclosure of insider trading reports in accordance with securities rules and regulations through online System for Electronic Disclosure by Insiders (SEDI), sedi.ca

· Management’s discussion and analysis (MD&A), financial reports and annual information form

· Corporate website and social media presence

Online Interaction:

· Quarterly webcasts and Q&A sessions

· Video recordings and media interviews

Direct Engagement:

· Two-way communication with the research analyst community

· Ad hoc inbound queries, one-on-one interviews and conversations, and sustainability-related surveys

Public meetings:

· Annual general meeting (AGM), investor conferences, and non-deal roadshows

· Capital markets day events

Suppliers

· Maintain asset integrity and safe operations while adhering to industry standards on safety, at a minimum

· Effective control measures to prevent critical incidents (e.g. spills, asset damage, etc.)

· Continued business relationships

· Seek new business opportunities and partnership for mutual business growth

Public Disclosures:

· Website and social media platforms

· Direct engagement through the negotiation process

Strategic interaction:

· Stakeholder perspectives and preferences surveys

· Grievance mechanism to address and resolve concerns

Thailand Partners

· Mutual growth and success

· Transparent communications

· Reliable and sustainable operations

· Adherence with joint operating requirements including technical input

· High standards for safe and efficient operations

· Ethical business practices

Public Disclosures:

· Website and social media platforms

Direct Engagement:

· Regular meetings in accordance with joint operating agreements

· Technical committee collaboration

· Comprehensive reports on performance, plans, and asset strategy

 

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