The shareholders of LPH are Rex International Investments Pte. Ltd. (a wholly-owned subsidiary of Rex International Holding Limited) at 80.14 per cent, Monarch Marine Holding Ltd at 14.11 per cent, Schroder & Co Banque S.A. at 4.30 per cent and Peter M. Steimler at 1.45 per cent. To date from 2024, LPH has raised NOK 1.75 billion (approximately US$159.10 million#) in NOK-denominated senior secured bonds and tap issues on the bond, to finance activities undertaken by LPH’s subsidiaries in Norway and Benin. Lime Petroleum Holding AS (“LPH”), a company incorporated in Norway, became a subsidiary of Singapore-listed Rex International Holding Limited in 2024. LPH is the holding company of the Rex Group’s Norway, Germany and West African subsidiaries, including: • Lime Petroleum AS • Lime Resources Germany GmbH • Akrake Petroleum Benin S.A. LPH and its wholly-owned subsidiaries are working to grow its portfolio of oil and gas assets in Norway, Germany and West Africa. LIME PETROLEUM HOLDING # US$1 = NOK 11 Annual Report 2024 2 2
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