NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO, OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")

FOR IMMEDIATE RELEASE

10 June 2026

No intention to make an offer for Deltic Energy plc

Further to the announcement by Deltic Energy plc ("Deltic") on 22 April 2026 regarding a possible offer for Deltic, and the announcement made by NEO NEXT+ Energy Upstream UK Limited under Rule 2.7 of the Code on 7 May 2026, Blue Concept Hld AS ("Blue Concept"), confirms that it does not intend to make an offer for Deltic.

This is a statement to which Rule 2.8 of the Code applies. Accordingly, Blue Concept (and any person acting in concert with it) will, except with the consent of the Panel, be bound by the restrictions set out in Rule 2.8 of the Code.

Blue Concept reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances:

(i)   with the agreement of the board of Deltic, to the extent that such agreement is given after the offer by NEO NEXT+ Energy Upstream UK Limited has been withdrawn or lapsed;

(i)   if a third party announces a firm intention to make an offer for Deltic;

(ii)  if Deltic announces a Rule 9 waiver or a reverse takeover; or

(iii) if there has been a material change of circumstances (as determined by the Panel).

Enquiries:

Disclaimer

Talanger Limited ("Talanger"), an appointed representative of Brooklands Fund Management Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority (FRN 757575), is acting exclusively for Blue Concept and no-one else in connection with the possible transaction described in this announcement and accordingly will not be responsible to anyone other than Blue Concept for providing the protections afforded to clients of Talanger Limited nor for providing advice in relation to the matters described in this announcement. Neither Talanger nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Talanger in connection with this announcement, any statement contained herein or otherwise.