Court approves creditor class composition Further to its announcement on 28 February 2025, the Convening Hearing for Petrofac�s financial restructuring took place yesterday. The court approved the creditor class composition proposed in the restructuring plan and ordered the convening of creditor meetings. Details of these meetings will be communicated to the relevant parties in due course. The Sanction Hearing will take place between 30 April and 2 May 2025. The restructuring effective date is expected to occur shortly thereafter. 2024 results timeline As a consequence of the restructuring effective date being expected to fall after 30 April 2025, the Group has determined it appropriate to defer the finalisation and publication of its audited annual results. It expects to publish results shortly after the restructuring effective date.In accordance with its listing rules, therefore, trading in the Company�s shares will be temporarily suspended from 1 May 2025 until such time as its full year 2024 results are published. Subscription period On 12 March 2025, the Company opened the subscription period during which secured creditors can elect to participate in the new money options available to them under the terms of the restructuring. Further information regarding this process, timing and documentation is available through Kroll Issuer Services Limited as information agent. Retail shareholder support Further to its announcement dated 6 March 2025, the Group draws the attention of retail investors to the appointment of Jon Yorke as independent representative. Those who held shares between 7 October 2005 and 5 October 2021 and think they may have a claim that is affected by the restructuring plan, are encouraged to contact Mr Yorke, without charge, by emailing ia@pl-plan.co.uk. Doing so will not affect your legal rights.