RESERVES & RESOURCES YME, BRAGE AND BESTLA FIELDS, AND LUNDE DISCOVERY, NORWAY The following reserves and resources tables have been extracted from the independent summary Qualified Person’s Report (QPR) dated 3 March 2025, prepared by ABL Group Norway AS. With reference to the Company’s announcement on 3 March 2025, extracts from the independent summary QPR of the reserves and contingent resources in the Yme, Brage and Bestla (previously known as Brasse) Fields and the Lunde Discovery (previously known as Shrek Discovery) in Norway, in which Rex’s 80.14 per cent indirect subsidiary LPA holds 25 per cent, 33.8434 per cent, 17 per cent and 30 per cent working interests respectively, are provided below: Yme Field Category Gross Attributable to Licence (MMbbl / Bcf) Net Attributable (25.00% Lime share) (MMbbl / Bcf) Net Attributable1 (80.14% Rex Int Share of Lime) (MMbbl / Bcf) Change2 From Previous Update (%) Risk Factors3 Remarks RESERVES Oil Reserves 1P 13.47 3.37 2.70 +30.0% N.A. - 2P 16.82 4.21 3.37 -6.8% N.A. - 3P 24.93 6.23 4.99 +29.8% N.A. - Natural Gas Reserves 1P - - - - - - 2P - - - - - - 3P - - - - - - Natural Gas Liquids Reserves 1P - - - - - - 2P - - - - - - 3P - - - - - - CONTINGENT RESOURCES Oil 1C 6.56 1.64 1.31 +523.4% 0.68 Weighted average of 3 projects (infill drilling and artificial lift) 2C 8.36 2.09 1.68 +123.0% 0.68 3C 10.33 2.58 2.07 +136.6% 0.68 Natural Gas 1C - - - - - - 2C - - - - - - 3C - - - - - - Natural Gas Liquids 1C - - - - - - 2C - - - - - - 3C - - - - - - Notes: 1. Net Attributable to Rex International Holding Limited means the volumes attributable to Rex International Investments Pte. Ltd., a wholly owned subsidiary of Rex which has an 80.14% ownership in Lime Petroleum Holding AS. Lime Petroleum Holding AS owns 100% of Lime Petroleum AS (“LPA”), which is the licensee of the Norwegian production licences. 2. Change from previous update means the change in the volume attributable to Rex International Holding Limited. The overall change shown includes changes in estimates of the remaining recoverable volumes for the field as well as the change in LPA’s working interest in Yme (increased from 10% to 25%) and the change in Rex’s ownership share in LPA (reduced from 91.652% to 80.14%). 3. Applicable to Contingent Resources. “Risk Factor” for Contingent Resources means the estimated chance, or probability, that the volumes will be commercially extracted. N.A. denotes Not Applicable. Annual Report 2024 4 8
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