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In 2024, Category 1 GHG emissions decreased 19.5% compared to the 2023 baseline. The reduction was primarily due to production and well adjustments that reduced venting and the implementation of the targeted reduction projects noted above. Valeura%u2019s Category 2 GHG emissions increased by 2.8% compared to the previous year. Valeura%u2019s GHG emissions intensity in 2024 was 80.6 tonnes CO2e/mboe, reflecting a decrease of 19.5% from 2023. This reflects a combination of lower total emissions and increased crude oil production. Valeura strives to continue optimising its production processes, and intends to continue investing in economically viable GHG reduction projects. The Company is commissioning the Jasmine low BTU generator project, and will report on the resultant GHG reductions in its next Sustainability Report. 2024 GHG EMISSIONS AWARENESSValeura conducted the first-of-its-kind emissions training programme for offshore staff in October-November 2024. The programme featured an interactive learning session and mandatory testing to enhance understanding and awareness of the Company%u2019s emission reduction priorities. While the training was in part aimed at building foundational knowledge of GHG emissions and their impact, the broader objective was to strengthen an emissions management mindset across the organisation. Valeura feels strongly that equipping offshore personnel with such knowledge is a critical step toward sourcing new ideas for how else to contribute to better emissions management across all levels of operation.GHG Intensity%uf0c8 Y-o-Y 19.5% lower02023 202415010050TonnesCO2e/mboe100.180.6VALEURA ENERGY INC. 035