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NAVIGATING ENERGY TRANSITION AND CLIMATE CHANGEMANAGEMENT APPROACHGOVERNANCE FOR OUR CLIMATE ACTIONSIMPORTANCEAs part of the upstream oil and gas industry, Valeura acknowledges its corporate responsibility to balance the need for global climate action with for the growing need for secure, affordable energy. To navigate this challenge, the Company has developed a climate change strategy and has conducted a climate-related risks and opportunities assessment. Energy Transition and Climate is one of the Company%u2019s identified material topics, guiding its overall approach to ensuring the sustainability of its business.Valeura%u2019s Board of Directors (Board) and in particular, the Health, Safety and Sustainability Committee (HSSC), is the main governing body for climate-related matters, including the Company%u2019s climate-related risks and opportunities and decarbonisation initiatives. The Chief Operating Officer (COO) is responsible for the implementation of business strategies that consider the impacts of climate change. The broader organisation, including teams overseeing production, engineering, HSSE, and logistics execute such GHG reduction initiatives in addition to conducting climate risk assessments. The HSSC meets at least twice a year. It reviews the Company%u2019s performance against sustainability-related targets and records findings annually, in a corporate scorecard. The HSSC then advises the Board and the Governance, Nominating, and Compensation Committee on sustainability and climate-related targets to be included in the following year%u2019s corporate scorecard. This mechanism ensures a direct link between the Company%u2019s climate-related performance (among other corporate metrics) and compensation, therefore creating a natural incentive for performance. 030 2024 SUSTAINABILITY REPORT%uf098 Sustainability at Valeura %uf098 Environment %uf098 Social %uf098 Governance %uf098 Appendix