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Code of Business Conduct and Ethics%u2022 Each director, officer, employee and contractor must at all times comply fully with applicable law, and must not have a material financial interest in any organisation engaged with Valeura, whether directly or through a family member or associate.%u2022 Anyone engaging in the political process must take care to separate their personal activities from their association with the Valeura.%u2022 Valeura is committed to upholding internationally recognised human rights, aligning with the United Nations Universal Declaration of Human Rights and the UN Guiding Principles on Business and Human Rights.%u2022 If the Board determines that anyone has breached this Code, the Board may sanction the individual, including asking for his or her resignation.https://www.valeuraenergy.com/sustainability/governanceAnti-Corruption Policy%u2022 Prohibition of bribes and improper payments.%u2022 Establish procedures to ensure that Valeura%u2019s business is conducted in an honest and ethical manner in compliance with relevant laws, regulations and the Organisation for Economic Co-operation and Development%u2019s (OECD) Guidelines for Multinational Enterprises relating to bribery. https://www.valeuraenergy.com/sustainability/governanceDiversity Policy%u2022 Promote diversity of the Board of Directors, senior management, and subsidiaries by appointing highly talented and experienced individuals with diverse backgrounds, and increase female representation throughout the organisation.https://www.valeuraenergy.com/sustainability/governanceValeura is committed to maintaining full transparency in its interactions with all stakeholders, including host governments of countries where the Company operates. In Canada, Valeura discloses annual public reports detailing specific payments made to local governments and abroad, in line with the Extractive Sectors Transparency Measures Act. These disclosures are accessible on the Valeura website. https://www.valeuraenergy.com/sustainability/governance/Online self-learning programmes have also been implemented to ensure that all employees fully understand and comply with the Code of Business Conduct and Ethics. Employees are required to review and acknowledge the Code, along with Valeura%u2019s Anti-Corruption Policy, Confidential Information Policy, Reporting of Inappropriate Activity Policy, and Employee Privacy Notice.Reference to https://www.valeuraenergy.com/sustainability/governance/enterprise-risk-management-policy/076 2024 SUSTAINABILITY REPORT%uf098 Sustainability at Valeura %uf098 Environment %uf098 Social %uf098 Governance %uf098 Appendix