Lime Petroleum Holding AS (“LPH”), a company incorporated in Norway, is a subsidiary of Singapore-listed Rex International Holding Limited. LPH is the holding company of Lime Petroleum AS in Norway, Lime Resources Germany GmbH in Germany, and Akrake Petroleum Benin S.A. in Benin. In 1Q 2025, LPH raised NOK100 million (approximately US$9.16 million#) in tap issues on its existing Senior Secured Bond, to finance general corporate purposes, including development capital expenditure in the Norwegian Continental Shelf and working capital. In September 2025, LPH raised NOK 1.1 billion (approximately US$108.93 million^) in NOKdenominated senior secured bonds with a three-year tenor. Of the total proceeds, approximately NOK 550 million were used to refinance LPH’s then existing bond through a roll mechanism, while the remainder of approximately NOK 550 million were used for onshore field development activities in Germany and for general corporate purposes. In January 2026, LPH sought and obtained approval for a deferment of its obligation to pay interest payments falling due in January 2026 for its bonds and a temporary waiver and suspension of the Minimum Lime Petroleum Holding AS (“LPH”), a company incorporated in Norway, is a subsidiary of Singapore-listed Rex International Holding Limited. LPH is the holding company of Lime Petroleum AS in Norway, Lime Resources Germany GmbH in Germany, and Akrake Petroleum Benin S.A. in Benin. Liquidity covenants for the bonds until 31 March 2026. The requests had arisen due to an unexpected delay in income from oil production and additional costs of drilling operations as a result of operational and logistical challenges in the Sèmè field, offshore Benin, operated by LPH’s subsidiary Akrake Petroleum Benin S.A., leading to an unfortunate negative impact on LPH’s cash flow and liquidity position. In February 2026, LPH engaged a financial advisor and legal counsel to undertake a comprehensive strategic and financial review, to evaluate all available alternatives to strengthen LPH’s balance sheet and secure a sustainable capital structure.* LIME PETROLEUM HOLDING # Using exchange rate of USD 1 = NOK 10.9170 ^ Using exchange rate of USD 1 = NOK 10.0984 * The Company will update the market accordingly in accordance with applicable rules of the SGX-ST in the event of any material updates. Shareholders and potential investors should exercise caution when trading in the Shares of the Company. Persons who are in doubt as to the action they should take should consult their legal, financial, tax or other professional advisers Rex International Holding Limited 25
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