Non-Discrimination GRI 406-1 The Group has prioritised creating a safe work environment. All staff are treated in accordance with the Code of Conduct with dignity and respect. This includes fairness in welfare and compensation as well as the importance given to workplace health and safety, and finally, creating an environment that is free from discrimination. As of 31 December 2025, there were no incidents of workplace discrimination occurring within our operations. The Group does not tolerate any cases of discrimination, and any reported incidents will be investigated. Labour and Management Relations GRI 402-1 With foreseeable changes in the operation sites, the Group understands that this could result in changes in our employees’ working hours and conditions. To avoid the case of sudden changes, we have ensured to let our employees know of any changes two weeks prior to the implementation. As MOL conducts its operations in line with the local Oman labour law, a one-month notice period is provided to workers, subject to the conditions as per agreements signed by the staff and the company. In Singapore, employees practise a hybrid work arrangement incorporating telecommuting options. Uplifting Local Communities GRI 413-1 The Group aims to uplift the communities in the locations we operate in, by participating in local community projects. Both MOL and LPA participate in initiatives to support the local communities. MOL distributed iPads to local schools, supporting the education of disadvantaged students. LPA actively supports community initiatives, including road safety campaigns for a local kindergarten. Additionally, LPA sponsors a programme that helps long-term unemployed individuals return to work by providing training in bicycle repairs. LPA engaged four intern students during 2025, two of whom where given staff positions in the company. In 2025, LPA also donated funds to the Children Cancer Association in Norway. In 2025, our Singapore office donated to Conservation International Singapore, which supports biodiversity protection, climate action and carbon-related initiatives across Asia-Pacific. Additionally, the Singapore office participated in the landlord’s Food from the Heart donation drive that collated 419 kg of contributions to those facing food insecurity in the community. Inclusive Communities Targets Targets for FY2025 Status FY2025 Performance • Allocate a minimum of 50% of the annual procurement budget to local suppliers annually. In progress Only MOL did not achieve this target in FY2025 due to specific expertise required from nonlocal suppliers. • To maintain/have at least one community engagement Met - • Ensure each employee completes at least 10 hours of targeted training annually, aligned with operational and capability-building needs. Met - Perpetual Targets • Allocate a minimum of 50% of the annual procurement budget on local suppliers annually. • To maintain/have at least one community engagement • Ensure each employee completes at least 10 hours of targeted training annually, aligned with operational and capability-building needs. 96 Annual Report 2025
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