Mr. Roger Tucker reports

EXECUTIVE MANAGEMENT UPDATE

Craig Knight, chief operating officer (COO), has stepped down from his role, effective Aug. 31, 2025, to return to Australia for personal reasons. Mr. Knight will remain with the company until Oct. 31, 2025, to support a smooth handover.

To streamline its organization, Meren has merged the chief commercial officer (CCO) and COO roles into a new position: chief commercial and operating officer (CCOO), effective Sept. 1, 2025. Dr. Oliver Quinn, currently CCO, has assumed this role.

In his expanded mandate, Dr. Quinn will oversee operations in Nigeria, Equatorial Guinea and South Africa as well as technical and HSE (health, safety and environment) functions, in addition to his existing responsibilities for business development, commercial, and planning and economics. He will be supported by Meren's senior management, including country managers and functional heads.

Dr. Quinn began his career in technical roles across production and development assets with Shell and has more than two decades of experience in the energy sector, spanning technical, commercial and executive leadership roles across the globe.

The company also announced today that Tom Haffenden has been appointed an officer of the company in his role of Meren's chief human resources officer (CHRO), effective Sept. 1, 2025.

Mr. Haffenden has extensive experience in international human resources (HR) roles across the oil and gas services, defence, and nuclear power sectors. He has worked closely with multiple chief executive officers advising on HR strategy, organizational development, integration, reward, resourcing and employee relations.

Meren president and chief executive officer Roger Tucker commented: "On behalf of the board and the entire company, I would like to thank Craig for his dedication and leadership during his time with Meren. He has played a key role in strengthening our operations and setting us up for future success, and we wish him well as he returns to Australia. At the same time, I am delighted to congratulate Oliver on his expanded role. His deep industry experience, commercial acumen and leadership qualities make him ideally suited to guide both our operations and commercial activities as we continue to deliver on our strategy. I also take this opportunity to congratulate Tom on his appointment, and I look forward to working with him as we continue to enhance Meren's organization and develop its human capital. "

About Meren Energy Inc.

Meren is a full-cycle independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa and Equatorial Guinea. Its main assets are producing and development assets in deepwater Nigeria operated by majors. The company holds a leading position in the Orange basin, including its effective interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa.

We seek Safe Harbor.