Borders & Southern Petroleum : AGM presentation - June 2023

AGM

23 June 2023

Important Notice

These materials (these "Materials") have been prepared by Borders & Southern Petroleum PLC (the "Company"). These Materials are confidential and may not be reproduced or otherwise distributed or disseminated, in whole or part, without the prior written consent of the Company, which may be withheld in its sole and absolute discretion. These Materials have not been, and will not be, reviewed or approved by the Financial Conduct Authority (the "FCA") or any other authority or regulatory body.

The distribution of (and manner of distribution of) these Materials may be restricted by law (whether of the United Kingdom or any other jurisdiction). Persons into whose possession these Materials come should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of the relevant jurisdiction. Persons into whose possession these Materials come should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of such other jurisdictions. In any event, these Materials are not for distribution outside the United Kingdom and, in particular, neither it nor any copy of it should be distributed, directly or indirectly, by any means (including electronic transmission) to persons with addresses in Canada, Australia, Japan, or the Republic of South Africa, or any other jurisdiction where to do so would be unlawful or to persons with an address in the United States, its territories or possessions.

These Materials should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. In particular, these Materials do not constitute an offer or invitation to subscribe for or purchase any securities in any jurisdiction and neither these Materials nor anything contained herein shall form the basis of any contract or commitment whatsoever.

These Materials should only be considered by qualified investors within the meaning of article 2(e) of the UK Prospectus Regulation 2017/1129 who are also (i) investment professionals within the meaning of article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (SI2005/1529) (the "FPO"); or (ii) high net worth companies within the meaning of article 49 of the FPO; or (iii) members of the Company within the meaning of article 43(2) of the FPO; or (iv) certified high net worth individuals within the meaning of article 48 of the FPO; or (v) certain sophisticated investors within the meaning of article 50(1) of the FPO (each a "relevant person"). In order to qualify as a certified high net worth individual, you must have a current certificate of high net worth as described in Article 48(2) of the FPO that has been signed within the last 12 months. In order to qualify as a certified sophisticated investor, you must have a certificate signed by a person authorised by the FCA to the effect that you are sufficiently knowledgeable to understand the risks associated with investments and you must have signed within the last 12 months a statement in the terms set out in article 50(1)(b) of the FPO. Persons who do not fall within any of these categories should not rely on these materials nor take any action upon them. These Materials have not been approved as a financial promotion or otherwise by a person who is authorised under the Financial Services and Markets Act 2000 ("FSMA") for the purposes of section 21of FSMA and rules mad e under such legislation or any other applicable securities laws of any other territory.

While the information contained in these Materials has been prepared in good faith, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers give, have given or have authority to give, any representation or warranties (express or implied) as to, or in relation to, the accuracy, reliability or completeness of the information in these Materials, or any revision thereof, or of any other written or oral information made or to be made available to any interested party or its advisers and liability therefore is expressly disclaimed. Accordingly, neither the Company nor any of its shareholders, directors, officers, agents, employees or advisers take any responsibility for, or will accept any liability whether direct or indirect, express or implied, contractual, tortious, statutory or otherwise, in respect of, the accuracy or completeness of the Information or for any of the opinions contained herein or for any errors, omissions or misstatements or for any loss, howsoever arising, from the use of these Materials. In furnishing these Materials, the Company does not undertake or agree to any obligation to provide the recipient with access to any additional information or to update these Materials or to correct any inaccuracies in, or omissions from, these Materials which may become apparent.

These Materials may contain forward-looking statements that involve substantial risks and uncertainties, and actual results and developments may differ materially from those expressed or implied by these statements. These forward-looking statements are statements regarding the Company's intentions, beliefs or current expectations concerning, among other things, the Company's results of operations, financial condition, prospects, growth, strategies and the industry in which the Company operates. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. These forward-looking statements speak only as of the date of these Materials and the Company does not undertake any obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of these Materials. Given the risks and uncertainties, potential investors should not place any reliance on these forward-looking statements.