Dividend Distribution Policy Statement

Board Decision:

This Dividend Distribution Policy has been approved by the Board of Directors of Shell Oman Marketing Company S.A.O.G. (“Shell Oman” or the “Company”) in March 2026.

Dividend to Shareholders Intent:

The Company intends to distribute dividend to Shareholders in accordance with the provisions of this policy including the company’s financial position considerations and the applicable laws and regulations of the Sultanate of Oman.

Dividend Distribution Interval:

The Company may distribute dividend on an annual or interim basis, subject to the Company’s financial performance, cash‑flow position and overall strategic priorities. The Board shall retain full discretion to determine whether dividend will be declared in any given period.

Dividend Distribution Strategy:

Dividend may be paid in cash and/or in kind.

Company Financial Position Considerations:

The Company’s ability to declare and distribute dividend is guided by its overall financial performance, liquidity position, and long‑term strategic priorities. In evaluating potential dividend distributions, the following key factors shall be taken into consideration:

• Net profitafter tax generated for the relevant financial year.
• Capital expenditure and reinvestment requirements, necessary to sustain operations and support strategic growth initiatives.
• Liquidity and cash‑flow availability, ensuring that operational, financing, and investment commitments are adequately met.

In alignment with prudent financial management, the dividend amount, if any, shall be limited to the lower of:

• A percentage of the Company’s net profit after tax for the relevant financial year; and
• Available distributable cash, after accounting for operating commitments, debt and financing obligations, and approved capital investment plans.

Growth Strategy:

This Dividend Distribution Policy is designed to maintain a prudent balance between delivering sustainable returns to shareholders and allocating capital toward value‑creating growth opportunities.

The Company aims to ensure that dividend decisions support long‑term financial resilience, enable investment in strategic initiatives, and reinforce the Company’s commitment to responsible and forward‑looking capital management.

Industry and Market Update:

Under this Policy, dividend distribution decisions will be guided by the broader macroeconomic landscape, shifts in energy market dynamics, and the Company’s competitive strengths.

Dividend Announcement Placement and distribution Plan:

·        Dividend announcements: will be disclosed through The Muscat Stock Exchange (“MSX”) portal in accordance with applicable disclosure requirements.

Disclosure Timeline:

Dividend shall be disclosed within prescribed regulatory timelines and in accordance with applicable regulatory requirements.

·        Disclosure content:

Each dividend‑related disclosure shall include:

1. The total dividend amount approved for distribution; and
2. The dividend per share (DPS).

Dividend Approval and Payment:

The Board of Directors shall endorse and submit the dividend proposal to the Annual General Meeting of the Shareholders. The distribution shall be executed only after obtaining official approval in the Annual General meeting.

The distribution will follow the timeline set out by the Financial Services Authority (“FSA”).

Distribution shall be executed through Muscat Clearing & Depository SAOC (“MCD”).

Dividend Distribution Policy Rationale:

The Company currently adopts an annual dividend distribution interval to align payouts with audited year‑end results, maintain cash flow flexibility, and ensure dividend decisions reflect full‑year performance and market conditions while supporting sustainable returns and long‑term value creation.

Amendments: The Company retains the right to revise or update this Policy as needed to reflect regulatory developments or any changes in its financial position or strategic priorities.

Disclaimer:

This Dividend Distribution Policy outlines the Company’s general framework for shareholder returns and reflects prevailing financial assumptions, governance principles, and regulatory requirements. However, this Policy does not constitute a commitment to declare or pay dividend in any financial year, nor does it guarantee any minimum or specific payout ratio.

All dividend declarations shall remain entirely subject to the recommendation of the Board of Directors and the approval of the Shareholders’ General Meeting, in accordance with applicable laws, (“FSA”) regulations, and the Company’s financial performance, cash‑flow position, and forward‑looking considerations in any given period.

Contact Information: Investor Relations

For further information, please contact:

Mahmoud Al Abri

Title: General Manager - Corporate Relations &

Investor Relations Officer

Email: [email protected]

Phone: 9933 6109