12^th August 2026

Sub: Resolution of Board Meeting

The Board of Directors of OQ Exploration and Production S.A.O.G. (the “Company”) met on 12 August 2026 to discuss various agenda items. During the meeting, the Board approved several resolutions, the key details of which are outlined below:

1-       Approval of Financial Statement:

The Board of Directors approved the Company’s audited financial statements for the period ended on the 30^th of June 2026, which will be published on the Company’s website and on the Muscat Stock Exchange (MSX) platform.

1-       Proposal of Cash Dividend Distribution to the OGM:

-        The Board of Directors proposed a cash dividend of  57.7 million equivalent to 7.23 baisa per share, for Q2 2026, payable in September 2026 to shareholders as of the cut-off date of 31 August 2026, subject to shareholders’ approval at the Ordinary General Meeting to be held on 31 August 2026.

-        The Board of Directors proposed a cash performance linked dividend for H1 2026 amounting to  38.45 million in total (equivalent to 4.8 Baiza per share), subject to shareholders’ approval at the OGM on 31 August, to be paid in two equal installments:

1.        First installment in September 2026as cut off-date as 31^st Aug. 2026

2.        Second installment in November 2026 as cut off-date as 25^th Nov. 2026

-        The Board of Directors proposed delegating authority to the Board to declare the Q3 2026 cash dividend amounting 57.7m, with dividend cut-off date 25th November 2026.