Meren Energy Inc.

AGM Information • Jun 12, 2025

MEREN ANNOUNCES AGM VOTING RESULTS

VANCOUVER, BC, June 12, 2025 /CNW/ – (MER–TSX, MER–Nasdaq-Stockholm) – Meren Energy Inc. ("Meren" or the "Company") announces the voting results from the Company's annual general meeting of shareholders held today in Vancouver, British Columbia.

A total of 362,108,484 (53.61%) common shares were voted at the meeting, representing 53.61% of the votes attached to all the outstanding common shares of the Company as at Record Date April 24, 2025. Shareholders voted in favour of all items of business as follows:

Election of Directors

Shareholders elected the following nine (9) nominees to serve on the Company's board of directors until the next annual meeting of shareholders or until their successors are elected or appointed. The voting results were as follows:

Nominee	For	% For	Withheld	% Withheld
John Craig	350,854,022	99.25	2,668,810	0.75
Michael Ebsary	353,258,315	99.93	264,517	0.07
Huw Jenkins	352,705,630	99.77	817,202	0.23
Edwyn Neves	350,400,150	99.12	3,122,682	0.88
Pascal Nicodeme	288,879,223	81.71	64,643,609	18.29
Richard Norris	353,242,314	99.92	280,518	0.08
Roger Tucker	350,101,895	99.03	3,420,937	0.97
Ahonsi Unuigbe	353,223,998	99.92	298,834	0.08
Kimberley Wood	347,781,022	98.38	5,741,810	1.62

Appointment of Auditors

Shareholders reappointed PricewaterhouseCoopers LLP as auditors of the Company for the upcoming year and authorized the directors of the Company to fix the remuneration of the auditor. The voting results were as follows:

Votes For	% For	Withheld	% Withheld
361,754,409	99.92	307,669	0.08

Advisory Resolution on Executive Compensation

Shareholders approved management's approach to executive compensation (say on pay), as follows.

Votes For	% For	Against	% Against
350,290,444	99.09	3,232,388	0.91

Additional Information

This information was submitted for publication, through the agency of the contact persons set out above, at 5:00 p.m. EDT on June 12, 2025.

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For further information, please contact:

Shahin Amini Head of IR and Communications shahin.amini@mereninc.com T: +44 (0)20 8017 1511

Burson Buchanan Financial PR & Communications Advisor Energy@Buchanan.uk.com T: +44 (0)20 7466 5000

About Meren

Meren is a full-cycle Independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa and Equatorial Guinea. Its main assets are producing and development assets in deepwater Nigeria operated by Majors. The Company holds a leading position in the Orange Basin including its effective interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa.