Announcement PDF Innovating critical infrastructure solutions for a low-carbon future 5 March 2026 www.provaris.energy ASX.PV1 H2 | CO2 Fiskåbygd, Norway This presentation and these materials (together the “Presentation”) have been prepared by Provaris Energy Ltd ACN 109 213 470 (ASX:PV1) (“Provaris”) as a summary of Provaris’ operations and results for the purposes of a presentation to existing or potential investors in Provaris. By participating in this Presentation or reviewing or retaining these materials, you acknowledge and represent that you have read, understood and accepted the terms of this Important Notice and Disclaimer. This Presentation should be read in conjunction with Provaris’ December 2025 Half-Year Report lodged with the Australian Securities Exchange (“ASX”) on 27 February 2026 and other periodic and continuous disclosure announcements that have been lodged by Provaris with the ASX. This Presentation may contain forward looking statements concerning projected costs, approval timelines, construction timelines, earnings, revenue, growth, outlook or other matters (“Projections”). Any such Projections are based on assumptions which may differ materially from the actual circumstances which may arise and actual results may vary materially from Projections. You should not place undue reliance on any Projections, which are based only on current expectations and the information available to Provaris. The expectations reflected in such Projections are currently considered by Provaris to be reasonable, but they may be affected by a range of variables that could cause actual results or trends to differ materially, including but not limited to: price and currency fluctuations, the ability to obtain reliable hydrogen supply, the ability to locate markets for hydrogen, fluctuations in renewable energy and hydrogen prices, project site latent conditions, approvals and cost estimates, development progress, operating results, legislative, fiscal and regulatory developments, and economic and financial markets conditions, including availability of financing. Provaris undertakes no obligation to update any Projections for events or circumstances that occur subsequent to the date of this Presentation or to keep current any of the information provided, except to the extent required by law. This Presentation is not a disclosure document, is for information purposes only, should not be used as the basis for making investment decisions or other decisions in relation to Provaris or its securities, and does not constitute an offer to issue, or arrange to issue, securities or other financial products. This Presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any particular person. You should consult your own advisors as to legal, tax, financial and related matters and conduct your own investigations, enquiries and analysis concerning any transaction or investment or other decision in relation to Provaris. This Presentation, including opinions set out in it, is based on information compiled or prepared by Provaris from sources believed to be reliable, although such information has not been verified in all instances. Provaris has no obligation to tell recipients if it becomes aware of any inaccuracy in or omission from the information in this Presentation. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this Presentation. To the maximum extent permitted by law, none of Provaris, its directors, employees, advisors or agents, nor any other person, accepts any liability, including without limitation any liability arising out of fault or negligence, for any loss arising from the use of the information contained in this Presentation. In particular, no representation or warranty, express or implied, is given as to the accuracy, completeness, likelihood of achievement or reasonableness of any forecasts, Projections or prospects referred to in this Presentation. No distribution in United States or other jurisdictions outside Australia. This Presentation does not constitute an offer or recommendation to purchase or sell any securities in any jurisdiction, nor an invitation to apply for such securities in any jurisdiction, and will not form part of any contract for the acquisition of securities in Provaris. This Presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. Any securities described in this Presentation have not been, and will not be, registered under the US Securities Act of 1933, as amended (“Securities Act”) or the securities laws of any state or other jurisdiction of the United States and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the Securities Act and applicable US state securities laws. This Presentation may not be released to US wire services or distributed in the United States. The distribution of this Presentation in other jurisdictions outside Australia may also be restricted by law and any such restrictions should be observed. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. By accepting this Presentation you represent and warrant that you are entitled to receive such Presentation in accordance with applicable laws. Non-IFRS Financial Information This Presentation may use non-IFRS financial information. Non-IFRS measures have not been subject to audit or review. Certain of these measures may not be comparable to similarly titled measures of other companies and should not be construed as an alternative to other financial measures determined in accordance with Australian accounting standards. This presentation was authorised by the CEO for release on 5 March 2026 $ refers to Australian Dollars unless otherwise indicated. Important notice and disclaimer 2 3 Investment Highlights EU Record Clean Energy Investment USD 390 billion in 2025 Clean Industrial Deal allocates €100 billion to industrial decarbonization, includes H2, CCS. Mandate for decarbonisation with Policies in place for industrial sectors which govern emissions (transport, steel, cement). Market Opportunity EU hydrogen demand to be met through imports; relies on new storage and shipping solutions. CCS growth expected to reach ~60 Mt CO2 by 2030, requiring significant investment in storage and shipping solutions. Norway leads the way. First-Mover Advantage & Location Provaris leads the market with proprietary IP for large-scale tanks and carriers validated by advanced stage of engineering and approvals. R&D and Commercialisation focus on Europe. Strategic Partnerships & Commercial Progress Partnerships with industry leaders to provide technical validation, accelerate commercialization and expand Provaris’ market reach efficiently. Capital-Lite Business Model through Technology License Fees Commercial model monetizes IP via licensing and fees, while partners handle shipping capex and ownership reducing financial risk. Focus on early cash flow through the license of Design and Fabrication IP at FID. Board & Management with long-term shareholder alignment New maritime infrastructure solutions are critical to achieving EU’s goal of 55% emission reduction by 2030 4 Martin Carolan Managing Director & CEO Commercial & Capital Markets A U S T R A L I A / N O R W A Y Garry Triglavcanin Product Development Director Engineer, LNG, Project Development A U S T R A L I A Greg Martin Chairman Energy,, Infrastructure, Governance A U S T R A L I A Andrew Pickering Non-executive Director Shipping, Newbuilds, Tankers, LNG A U S T R A L I A David Palmer Non-executive Director Shipping, Commercial, Financing E N G L A N D N O R W A Y Per Roed Chief Technical Officer Newbuilds, Tankers, LNG, Ports, Operations Mats Fagerberg Business Development Commercial, LNG, Shipbroking P O R T U G A L Experienced Board & Management with long-term shareholder alignment Global experience across shipping, energy and gas infrastructure, and capital markets. Ownership: ~70 million shares. Norman Marshall Group Commercial Manager Legal, Commercial, Finance A U S T R A L I A John Stevenson Group Financial Controller Accounting, Finance A U S T R A L I A Jessica Roed Operations Manager, Norway Shipping, Logistics N O R W A Y Supported by global partnerships to validate technical maturity and accelerate commercialisation: Oslo, Norway (Provaris Norway AS) Sydney, Australia Ordinary Shares on Issue (PV1.ASX) 1 1,029 M Market Capitalisation (5 Mar 2026) 1 A$ 11.3 M Cash (pro-forma) 1 A$1.7 M Unlisted Options 1, 3 Performance Rights 4 83.5 M 26 M Macquarie Bank – Available Standby Bond Facility 2 A$2,500,000 Convertible Bonds On Issue 2 A$200,000 Shareholding (Undiluted) NOTES: 1. Pro-forma post Capital Raising announced 5 March 2025. 2. A$3 million Two-year standby facility with Macquarie Bank, announced 3 May 2024. 3. Unlisted Options: 8.3M at 7.5c Expiry Jul 2026; 4M at 6.6c, Expiry May 2027; 71.3 M at 3c, Expiry Feb 2027. 4. Performance Rights held by the Board and Management with conversion on company technical and commercial milestones. Capital Structure 5 Corporate Overview – Provaris Energy (ASX.PV1) Offices in Sydney and Oslo 8% 1% 7% 28% 56% Board & Management Yinson Production AS Institutions HNW/Family Office Retail Top 20 Holders 38% Top 50 Holders 47% 6 Innovation in large-scale storage and maritime transport solutions critical to enable cost-effective decarbonization supply chains > Strategic location in Norway to support R&D and Commercialisation focus on European markets. > Combination of Unique IP for large-scale tank designs, carriers and fabrication provides competitive advantage to lower the cost of large-scale marine storage and transport solutions (positive impact on capex & opex). > Material technical and commercial milestones targeted 2026 in collaboration with industrial partners in two markets. > ‘Capital Lite’ model targeting early cash flow through the license of IP to ‘shipowners’, removing the burden of large capex. Compressed H2 carriers Enabling first-mover, energy efficient and cost-effective regional hydrogen shipping. Next generation LCO2 tanks Offers increased volume, lower steel weights, to solve existing tank constraints across multiple markets. Innovation in large-scale tank IP and ship design across two markets Barge storage Offshore FSIU Carriers Advanced H2 Ship Design, Approvals & Supply Chain Development Development of LCO2 Tanks for Offshore and Maritime Development, Funding and Commercial Partner: Supported by: CCS Emission avoidance and the earliest pathway to investment returns and near-term contracted cashflows • Mature technologies; Compliance-driven infrastructure asset and a way to monetise carbon pricing, tax credits and regulation. • Extends life to existing assets and risk mitigation tool for hard-to- abate sectors; must be at scale to reduce costs. 7 Hydrogen and CCS are strategic enablers to emission reduction targets No longer hype, transitioning to core capex, and critical to enabling industries to meet emission reduction targets Transition remains a key investment thematic > Annual energy transition investment must reach ~US$4 trillion by 2030 to stay on a 1.5°C pathway.1 > 2025 investment reached a record $2.3 trillion, an 8% increase over 2024.2 EU growth at 18%. Second consecutive year spending exceeded investment in fossil-fuel supply. > Capital investment still dominated by renewables, electrification (EVs, heat pumps) and power infrastructure (grids, storage, flexibility), with hydrogen and CCS at low-single-digit percentage of total investment today. > Recognition that net zero is not achievable without CCS and hydrogen, even in aggressive electrification scenarios. 3 Hydrogen Emission reduction with long-dated growth given its cost and complexity • Near-term: must be cost-effective; industrial offtake; and transitional while scaling up infrastructure. • Long-term: global export markets, seasonal energy storage, large markets (Steel, Chemicals, Shipping, Aviation, Power). CCS and Hydrogen remain key strategic enablers – at scale! Note: 1. (IEA, 2025); 2. (BNEF, 2026); 3. (IEA, McKinsey) 8 Where does Hydrogen and CCS sit in Europe’s energy transition? CCS delivers near-term compliance returns; hydrogen captures long-term industrial upside Europe leads globally on binding decarbonisation policy, not just targets! > Clean Industrial Deal provides €100 billion to support EU clean manufacturing and industrial decarbonization. > EU Climate Law legally mandates net-zero by 2050 and at least 55% emission reduction by 2030. > Hard-to-abate sectors (~25–30% of EU emissions) cannot achieve mandated targets without low-carbon molecules and storage. CCS: Infrastructure returns tied to ETS pricing based on policy = enhanced bankability • EU ETS prices in a range to support CCS economics. • Cross-border CO₂ transport and storage regulated and recognised as strategic infrastructure. • EU capacity expected to quadruple by 2030 supporting growth in shipping market (DNV 2025) • Mature technology. Demand for new maritime solutions - larger scale to lower cost. • Infrastructure-like cash flows: storage fees, transport under long-term contracts. 9 Where does Hydrogen and CCS sit in Europe’s energy transition? CCS delivers near-term compliance returns; hydrogen captures long-term industrial upside. Europe leads globally on binding decarbonisation policy, not just targets! > Clean Industrial Deal provides €100 billion to support EU clean manufacturing and industrial decarbonization. > EU Climate Law legally mandates net-zero by 2050 and at least 55% emission reduction by 2030. > Hard-to-abate sectors (~25–30% of EU emissions) cannot decarbonise without low-carbon molecules and storage. Hydrogen: Long-term growth with strong policy support with increasing bankability • EU implementing binding targets for H2 production; industrial use; cross- border networks. • State aid and funding schemes de-risking early projects; creates supply and demand. • Scaling up from 2030, with 70% of demand to come from imports! • Front-loaded infrastructure build-out underway (Germany’s 9,000km H2 grid; €19 billion ) • EU remains the top import market for clean hydrogen imports. • Key challenges: cost competitiveness; stable policy; demand. Export Domestic 0 3 6 9 12 15 Total offtake Export by offtake market Million metric tons per year Unknown UK United Arab Emirates Singapore Japan South Korea Europe* Germany Source: BloombergNEF Clean hydrogen offtake by offtake destination, November 2025 10 2025 achievements establish a platform for re-rating technical and commercial milestones in 2026 > Advanced and maintained development of H2 supply chain, with a focus on Nordic supply and German offtake. > Commissioned Robotics Innovation Centre in Norway to confirming proprietary tank designs and the use of automation to lower construction costs (H2 Prototype Tank & Class Approvals and LCO2 test specimens) > Partnership with “K” Line established mid-2025 provides technical, commercial, capital and global shipping expertise to commercialise H2Neo carriers in Europe. > JDA with Yinson Production for LCO2 tanks creating a large commercial opportunity. • 50/50 ownership of IP • 100% funding by Yinson through FEED and Approvals (mid-2026) • Yinson committed as a customer through FSIU and CCS supply chains • JV co. being established for commercialisation for offshore and maritime Pathway for 2026 milestone events Recent achievements across H2 and CO2 programs Collaborations with industrial partners in H2 and CO2 highlight the relevance of Provaris solutions > Completion of H2 Prototype Tank (Q1-2 2026) delivers final Class Approval for H2Neo carriers. > Norwegian H2 supply projects targeting power capacity establishes timeline to FEED and FID. > “K” Line to establish key terms for financing, ownership structure and operations of H2Neo carriers. > Complete fully funded LCO2 FEED program (mid-2026) and integrate with Yinson FSIU targeting FID in 2026. > Development of new products and partnerships for CO2 tank solutions to highlight additional commercial opportunities. > Maiden deal for Licensing IP and generate first revenue. 10 Deliver 50% more hydrogen +20% lower delivered cost 20% reduction in capital intensity 10x reduction in energy loss Germany Spain Finland Norway 11 Norway • Norway’s grid supply 98% renewable sources = high electrolyser utilisation • Industrial PPA €30-50/MWh • Hydrogen supply ~EUR 4-5/kg * • RE PPA €50-100/MWh • Domestic green hydrogen supply ~EUR 9-11/kg * • +70% Germany’s demand to be met through imports • Infrastructure build-out underway Source: : Provaris Energy, ASX release 2 Sept. 2024 “Studies reaffirms compressed H2 for low cost supply”; BloombergNEF > Provaris’ choice of compression has established a highly energy efficiency = lowest regional transport cost supply chain > Europe (and Germany) states up to 70% of hydrogen demand to be met by imports (2.7 Mtpa market by 2030). Shipping provides flexibility and supports scale-up. > Nordics offer strategic supply through lowest-cost renewable power, regional proximity, and security of RFNBO supply. > Demand established via MOUs with German utilities for offtake, including breakthrough Term Sheet signed: Uniper & Norwegian Hydrogen. > Partnership with “K” Line to establish commercial shipping: newbuilds, financing, ownership and operations. > Collaboration with Baker Hughes for compression equipment at scale confirms use of mature technologies, costs and efficiency. supply to Europe Established collaborations with industrial partners Germany Germany Norway Rotterdam FjordH2 Export Project (Ålesund, Norway) 12 • Responsible for H2 supply • ~40,000 tonnes per annum • RFNBO compliant H2 based on EU regulations • Power supplied from Grid Hydropower • Land secured; advanced permitting; community engagement • Offtake Term Sheet and nominate import location • 10-year term (+5 yr options); • Fixed price DES; Take-or-pay obligations • Target first cargos 2030 • Ownership and operator of maritime fleet • 2* H2Neo carriers for round-trip transport and 1* H2Leo barge for loading storage • Long-term charter aligned to Hydrogen SPA tenure (+10yrs) • FID and Newbuild order triggers License Fees to Provaris > Power capacity reservation & PPA terms > Key Terms for Shipping Time-Charter; > Mature Term Sheet(s) to Conditional Hydrogen SPA > Shipyard Newbuild terms to confirm capex and shipping costs De-risking Milestones in 2026 ~40,000 tpa RFNBO-compliant hydrogen supply chain supported by Uniper for offtake from Norway to Germany Source: Norwegian Hydrogen AS H2 Supply Hydrogen Supply H2 Shipping H2 Import + 650 N.miles 13 early cash flow without large-scale capex Capital efficient growth model through upfront license fees + equity share in fleet, without owning ships Illustrative Returns (Per Supply Project - 2 x H2Neo carriers & 1 H2Leo barge):^ License and Origination Fee Income per supply chain project with a binding 15yr Time Charter. No capital contributions/outlay. Per H2 Supply Project 1 Income USD Million NPV8 at FID USD Million Technology License Fees 2 16.5 14.4 Equity share of Time Charter Fees 3 18.0 7.9 Total Fees Per Project 34.5 22.3 ~54 (AUD M) ~35 (AUD M) ^ Notes: 1. Supply Project comprises of 2 x H2Neo carrier and 1 x H2Leo barge. All fees allow delivered cost estimates negotiated for delivered cost to be maintained in Term Sheet discussions. 2. The technology license fee is based on Clarksons Norway AS market knowledge on LNG tank containment license fees and industry charter models. Fee is based on newbuild price of USD 125 million per H2Neo carrier and USD 80 million for H2Leo barge. Fee payable in milestones over 30 months from signing Shipbuild Contract. Fees are pre-tax. 3. Based on an illustrative charter model developed with Clarksons Norway AS, which estimates a ‘Bareboat Charter’ rate of ~USD 51,000/day for each H2Neo carrier and USD 32,000/day for H2Leo barge (excluding O&M, commissions, port fees and fuel consumption) to deliver shipping investors a target levered equity rate of return of ~15%, over 15 years, 70% gearing. FID 2026. Fees are pre-tax. Example for each H2 supply project Technology License Fee Origination Fee 5% as carried equity Ownership Interest in each H2Neo carrier and H2Leo barge • Experienced ship owner or SPV to finance and operate the fleet (“K Line). Provaris retains option to co-invest and increase long-term cash flow. • Provides long-term annuity style cash flows. 5% of Capex for H2Neo carrier & H2Leo barge for our proprietary ship and tank design • Based on proven LNG tank containment revenue model. • Provides early cash flow and revenue payments during construction of the H2Neo and H2Leo newbuilds. > Targeting maiden Technology Fees aligned with project FID/Construction decision. 0.0 1.0 2.0 3.0 4.0 5.0 6.0 Year 1 Year 2 Year 3 Year 4 Year 5 …..... Year 15 US$ Millions Technology Licence Fee Equity Share (Time Charter) Technology Fee Paid (30mths construction) Post-FID Cash flows Share of 15yr Time Charter Fees in Operation 14 Technical Partners & Advisors include: 14 Robotic fabrication key to lower tank construction costs All design drawings are protected by copyright: ©2023 Provaris Energy Ltd Group Advanced design and approvals for H2 carrier provides the lowest regional transport cost Approved FEED design package by Class with a ‘Construction Ready’ approval pending H2 Prototype Tank completion Illustration of longitude tank. Cargo capacity: 27,000m3 (450 tonne net); 250 Barg (Closed containment = No boil-off) Proprietary design: H2Neo Compressed Hydrogen Carrier > Robotic laser-hybrid welding technology proven to lower costs, increase productivity and reliability. Extends value of Proprietary IP. > Fabrication of H2 Prototype Tank recommenced, followed by testing Q2 2026. > ‘Approval to Construct’ from Class provides the key technical milestone – confirms feasibility of design and construction. > First Mover Advantage: Four years of IP development; Completed FEED & Design Approval by Class (2022); risk and safety studies; prototype final stage; US Patent granted. > Standard Hull based on MR Tanker: Hybrid electric propulsion system including LNG, Battery & H2 Fuel Cell > Partnership with global shipping operator “K” LINE to provide ownership, financing, newbuild, and operations on long-term charter terms. Norway Innovation Centre ‘Digital Twin’ provides ‘virtual fabrication’ Installed Robotic Cell for fabricating Prototype Tank Benefits of Robotics & Laser Welding Recent site visit by key partners (November 2025) Site visit to Robotic Cell, Prototype Tank and fabrication demonstrating high efficiency of automation for using robotic plate handing and welding with nanometer accuracy. 15 15 All design drawings are protected by copyright: ©2023 Provaris Energy Ltd Group Robotic Cell: Cylinder and End-Cap Jigs with hydrolics to rotate tank Robotic Cell: Plate handling, mounting, tack welding and seem welds Site Visit : Yinson, “K” Line, Harbour Energy 18 Nov 2025 Co-operation with global shipping company “K” Line to accelerate commercialisation of hydrogen carriers Shipping expertise to advance commercialisation of Provaris’ H2 transport model through financing, ownership, construction and operations > Global operator since 1919 with USD 7 Billion revenue > Operating fleet 448 vessels; includes 90 in the energy sector. > Strategic alignment: "K" Line Environmental Vision 2050 – Blue Seas for the Future" and Japan's National Hydrogen Strategy (Compressed H2 provides key learnings and regional foothold for shipping near-term to de- risk LH2 long-term) > Access to Japan’s low-cost debt finance and Green Innovation Fund > Established ship management and fleet operations in Europe & long history in Norway: • 20yrs operating gas carriers - Snøhvit LNG (Equinor). • Operator of specialised LCO2 carriers for Norway’s Northern Lights CCS Project. Fleet focused on Decarbonization 16 17 Development of H2 shipping charter terms and ownership model Validation of Provaris’ technical and commercial model for regional shipping of H2 • Memorandum of Understanding (MOU) established in July 2025 to deliver technical, commercial, and operational support, leveraging extensive knowledge and global shipping experience. • “K” Line intention is to finance, own and operate H2Neo carriers. • Material Progress on Technical and Commercial workstreams:  Technical review of the H2Neo FEED Design and Class Approvals with owner feedback on the final newbuild specifications.  Site inspection of Prototype Tank fabrication and robotic cell in Norway.  Development of a commercial freight cost model and defining key terms for a standard charter agreement (opex, crew, dry-dock, insurance, financing).  Site visit to Asian yards and to identify tank fabrication facilities • Development of a Special Purpose Company (SPC) structure for fleet ownership, financing, and newbuild program. “K” Line site visit to Robotics Innovation Centre, Fiska (Nov 2025) LCO2 solutions for Offshore and Maritime solutions | CO2 sector tailwinds… attracting traditional shipowners ready to participate in a new maritime market; Norway the early-mover • Capture and storage capacity quadrupling by 2030 (DNV, Sept 2025) with Europe to surpass Nth America • Growth to focus on heavy industry… with capture capacity resulting in strong demand for CO2 storage and transport 62 +92 +58 +58 270 2024 2030 North America Europe Rest of the world + Project pipeline never been stronger + Government targets + Corporate commitments +/- Policy uncertainty Units: MtCO2/yr Norway cements its leadership for Ideal geology and strategic proximity to major industrial emitters and sequestering CO2 for +25yrs > Northern Lights CCS: Europe’s first commercial cross-border offshore CCS injection project (Total, Equinor, Shell)  Offshore storage and injection 2.6km below seabed.  Phased operations 2024 (1.5 Mtpa); expanding to 5 Mtpa confirms transition to full-scale infrastructure. > LCO2 carriers operated by “K” Line; expansion by global shipowners including: “K” Line, MOL, MISC. > Strategic to EU industrial decarbonization and new CCS market. > Shipping distance from EU emitters, <1,000 Nm > 13 licenses awarded for CO2 injection on the Norwegian continental shelf. 20 Rising Confidence in CO₂ Shipping, Storage and Injection Northern Lights CCS Injection Project (5 Mtpa) Source: Yinson Production AS. “Companies enabling the transport and storage of captured CO₂ will be foundational to achieving 2030 and 2050 climate targets for the EU” Capturing Technology In cooperation with and specific per emitter Transport CO₂ from Emitter to CO2T In cooperation with emitter (pipeline, truck, rail, barge, etc) Emitter capture, liquify and store in own CO2 tanks Collect CO2 and transport to CO2T or directly to injection location Collection CO2 Collection, Storage and Offloading (CO2T) Transportation LCO2-shuttle carriers Injection of CO2 Floating Storage Injection Unit Offshore Storage Reservoir Work in progress with appraisal drilling underway. Source: Yinson Production AS. To get CSS costs down, large scale flexible solutions are required! Infrastructure planned can handle ≥ 10 mtpa of CO2 for the Havstjerne CCS project, Norway. Partnership with Yinson Production Solutions for offshore storage and injection, shipping, and barge storage solutions > Yinson Production AS - Global energy infrastructure leader (FPSOs, CCS, Renewables); Operating 9 FSPOs; USD 2.5B revenue. > JDA (Aug 25) converting to a 50/50 JV Co. to develop large low pressure LCO2 tank solutions for floating, onshore, and ship- based storage applications. JV NewCo will jointly own and license tank designs. > Yinson funding 100% under JDA, includes approvals for 25,000 cbm low LCO2 pressure tank for integration with Yinson’s FSIU. 22 Leveraging Provaris IP to fast-track LCO2 designs Yinson commit to full-scale development of CCS in Norway > 2025 acquisition of Stella Maris CCS: development of 10 Mtpa Havstjerne CCS Reservoir (Norway’s continental shelf). • JV partner is Harbour Energy PLC; €200M EU Innovation grant funding • Material investment in pre-FEED studies and reservoir drilling in 2024. > Immediate market opportunity to commercialise tanks through Floating Storage Injection Unit (FSIU) design using new tanks. • FSIU example: reduced tanks from 16 to 4; reduction in vessel length; eliminate processing capex/opex. Source: Yinson Production AS. New design to unlock lower $/t of LCO2 transport: large capacity tanks will result in lower capex for vessels (smaller hull dimensions, improved utilisation, and fewer process systems) and lower operating cost (simplified operations and maintenance) Existing tank capacity restrained to at 5,000 to 7,500 cbm; limitation due to material thickness and conventional welding. Provaris tanks increase hull utilitisation; lower vessel capex; fabrication through automation, laser welding, approved steel materials. Solving Industry Problem = lower cost per tonne CO2 transport Source: Yinson, FSIU 100,000 bcm Source: Provaris  Concept Design completed March 2025 demonstrated reduction in the number tanks and hull dimensions to save on capex/opex. > FEED & Class Approval in-progress:  Phase 1 delivered January 2026; • Phase 2 completion June 2026: includes of fabrication of test specimens Provaris’ robotic cell facility in Norway and subsequently tested. > Engagement with DNV (Class) for GASA approval mid-2026 (General Approval for Ship Application). > Engaged with Asian yards to advance fabrication, production design and costs of robotic facility and tank production costs. > Align