Restructuring update

As announced on 17 October 2025, Petrofac has been working towards the announcement of a Lock Up Agreement in respect of the identified implementation route for the Restructuring. Since this announcement, there has been a change in circumstances relating to certain stakeholders, which impacts the timing and/or deliverability of this Restructuring.

Urgent discussions are taking place in relation to this change in circumstance and the Company will provide further details when it is able to.