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Press release

Tentative schedule for closing of the 3R Petroleum/Enauta/Maha transaction

Maha Capital

3R Petroleum Óleo e Gás S.A. (“3R Petroleum“) and Enauta Participações S.A. (“Enauta”) have announced that 31 July 2024 is the tentative date for both (i) the closing of the transactions involving the roll-up of Maha’s 15% holdings in 3R Petroleum Offshore S.A. into 3R Petroleum; and (ii) the merger of Enauta Participações S.A. (“Enauta”) shares into 3R Petroleum.

The effectiveness of the transactions is subject to the fulfillment (or waiver, as the case may be) of certain conditions set forth in the relevant definitive documents. Board meetings of each company is scheduled for 30 July 2024, to confirm the fulfillment of the conditions precedent.

Hence, based on the tentative schedule, the first trading day of 3R Petroleum shares after the transactions’ closing is estimated to be 1 August 2024.

Maha will receive common share issued by 3R Petroleum corresponding to 2.17% of the combined entity as a consequence of its roll-up. Registration of 3R Petroleum shares to Maha is estimated to 5 August 2024. Together with the shares Maha already holds in 3R Petroleum, Maha will hold approximately 22 million shares, corresponding to 4.76% in the combined entity.

Contacts
Kjetil Solbraekke, CEO, Phone: +46 8 611 05 11, E-mail: info@maha-energy.com
Roberto Marchiori, CFO, Phone: +46 8 611 05 11, E-mail: info@maha-energy.com
Jakob Sintring, Head of IR, Phone: +46 8 611 05 11, jakob.sintring@maha-energy.com

About Maha
Maha Energy AB (publ) is a listed, international upstream oil and gas company whose business activities include exploration, development and production of crude oil and natural gas. The strategy is to target and develop underperforming hydrocarbon assets on a global basis. Maha holds direct and indirect interests in producing assets in Brazil and the United States, and in an exploration asset in the Sultanate of Oman. The shares are listed on Nasdaq Stockholm (MAHA-A).

For more information, please visit Maha’s corporate website www.maha-energy.com.

Attachments
Tentative schedule for closing of the 3R Petroleum/Enauta/Maha transaction

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