Disclaimer

This presentation contains forward-looking statements, including in relation to the financial condition of the Harbour group (the "Group") and the results of operations and businesses of the Group. Forward-looking statements are sometimes, but not always, identified by their use of a date in the future or such words and words of similar meaning as "ambition", "anticipates", "aspire", "aims", "due", "could", "may", "will", "should", "expects", "believes", "intends", "plans", "potential", "targets", "goal" or "estimates". Although the Group believes that the expectations reflected in such forward-looking statements are reasonable, these statements are not guarantees of future performance and are subject to a number of risks and uncertainties and actual results, performance and events could differ materially from those currently being anticipated, expressed or implied in such forward-looking statements. Factors which may cause future outcomes to differ from those foreseen in forward-looking statements include, but are not limited to, those identified in the "Risks and Uncertainties" section of the Group's Annual Results. Forward-looking statements contained in this presentation speak only as of the date of preparation of this presentation and have not been audited or otherwise independently verified. Past performance should not be taken as an indication or guarantee of future results and no representation or warranty, express or implied, is made regarding future performance. The Group therefore cautions against placing undue reliance on any forward-looking statements. Nothing in this presentation should be construed as a profit forecast.

Statements in this presentation reflect the knowledge and information available at the time of its preparation. Except as required by any applicable law or regulation, the Group expressly disclaims any obligation or undertaking, including to release publicly any updates or revisions to any statements contained in this presentation to reflect any change in the

Group's expectations or any change in events, conditions or circumstances on which any such statement is based.

This presentation does not constitute or form part of any offer or invitation to purchase any securities of any person nor any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any such securities, nor shall it or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or commitment or investment decisions relating thereto, nor does it constitute a recommendation regarding any securities.

Harbour Energy |In2v0e2s3toFruPllreYeseanr tRaetisounlts

A pure play upstream global oil & gas producer

Robust financial position, strict capital discipline

Supports competitive shareholder returns and

M&A optionality

Building a global, diversified oil and gas company via disciplined M&A

Transformational acquisition of Wintershall Dea asset portfolio announced December 2023, in line with strategy

  • ▪ Ensure safe, reliable and environmentally responsible operations

  • ▪ Maintain a high-quality portfolio of reserves and resources

  • ▪ Leverage our full cycle capability to diversify and grow further

  • ▪ Ensure financial strength through the commodity price cycle

c.500 kboepd

137 kboepd

1 Acquisition of substantially all of Wintershall Dea's upstream assets announced 21 December 2023, expected to complete Q4 2024 2 H1 2023 pro forma production, as per management estimates

Harbour at a glance

A global independent O&G company focused on value creation, cash flow and distributions

Our purpose is to play a significant role in meeting the world's energy needs through the safe, efficient and responsible production of hydrocarbons, whilecreating value for our stakeholders.

c.$1 billion

(sh. distributions since 2021)

Harbour existing portfolio

Net Zero 2035

Commitment2

1 FCF is free cash flow after tax and pre-distributions. 2Harbour's Net Zero goal is Scope 1 and 2 emissions on a gross operated basis

2023 highlights

Advancing our strategy

Maximising value of our production base

  • ▪ Top quartile safety performance

  • ▪ Reserve additions at UK operated hubs

International growth and diversification

  • ▪ >25% growth in international 2C resource

  • ▪ Increased momentum on CCS projects

Strong financial position; capital discipline

  • ▪ Significant FCF generation of $1bn

  • ▪ $249m1 in buybacks, $200m dividend

Transformational acquisition announced

  • ▪ Wintershall Dea asset portfolio for $11.2bn

Chart shows Harbour's annual reported production 1Total spend on share buybacks includes transaction fees and foreign exchange differences applied to the sterling denominated shares repurchased.

6

A focus on safe and responsible operations

Further improvement in our safety record with no lost time injuries or serious process safety events during 2023

Safety is our top priority

  • ▪ Building a strong safety record and culture

  • ▪ No significant injuries or serious process safety events

  • ▪ Significant reduction in high potential incidents

1 Safety KPIs are reported on a gross operated basis, including appointed operator assets Catcher and Tolmount 2 Loss of Primary Containment (LOPC) incidents are categorised as Tier 1 or Tier 2 events as defined by IOGP (The International Association of Oil & Gas Producers)

Addressing our environmental impact

Producing oil and gas responsibly

mt CO2e (gross, operated, Scope 1 and 2)

2023 highlights

GHG emissions

▪

Executed four emission reduction projects with the impact of lowering

Harbour's 2023 gross operated emissions by 54 kt

▪

Plugged & abandoned seven wells; removed several subsea structures ― 97% recycling rate of removed infrastructure achieved

▪

Viking CCS targeting 10 mtpa of CO2 by 2030 and 15 mtpa by 2035

2018

2023

1 OGCI methane intensity target 2 Gross operated scope 1 & 2 GHG emissions vs a 2018 baseline

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Harbour Energy plc published this content on 15 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 April 2024 14:15:06 UTC.