International Petroleum Corporation

Capital/Financing Update • Oct 1, 2025

Denne melding til obligasjonseieme er kun utarbeidet på engelsk. For informasjon vennligst kontakt Nordic Trustee AS.

To the bondholders in:

ISIN: NO0012423476 -International Petroleum Corp. 7.25% senior unsecured bond issue 2022/2027

Oslo, 1 October 2025

Exercise of Call Option

Nordic Trustee AS (the "Bond Trustee") acts as bond trustee for the Bondholders in the above mentioned bond issue (the "Bond Issue") where International Petroleum Corp. is the issuer (the "Issuer").

All capitalized terms used herein shall have the meaning assigned to them in the bond terms dated 30 January 2022 (the "Bond Terms").

The Issuer has notified the Bond Trustee of the Call Option to redeem the Outstanding Bonds in whole in accordance with paragraph (a)(iii) of clause 10.2 of the Bond Terms, as follows:

Redemption amount: Redemption price:

Original Maturity Date: Record Date: Call Option Repayment Date: All Outstanding Bonds 102.18 % of the Nominal Amount for each redeemed Bond plus accrued and unpaid interest 1 February 2027 15 October 2025 17 October 2025

Yours sincerely Nordic Trustee AS

Lars Erik Lærum