Jura Provides Update on Dutch Attachment Proceedings

Executive Summary

• The District Court of The Hague has issued a judgment ordering the lifting of pre-judgment third-party attachments previously obtained by Jura's subsidiaries (FHL and Spud) over PEL's rights under agreements with KUFPEC.
• The court's decision was based strictly on procedural grounds regarding insufficient disclosure in the original attachment application, and explicitly did not rule on the merits of the underlying arbitral awards.
• Jura is evaluating its legal options, including filing an appeal or submitting a fresh attachment application that addresses the procedural deficiencies identified by the court.

Key Details

• Court & Date: District Court of The Hague, Netherlands; Judgment issued June 4, 2026.
• Attachments Lifted: Pre-judgment third-party attachments held over rights of Petroleum Exploration (Private) Limited ("PEL") under agreements with KUFPEC Pakistan Holdings B.V. and Kirthar Pakistan B.V.
• Original Purpose of Attachments: Obtained by Jura subsidiaries Frontier Holdings Limited ("FHL") and Spud Energy Pty Limited ("Spud") to support the enforcement of arbitral awards rendered against PEL in favor of FHL and Spud.
• Court's Reasoning: Decision based on procedural grounds; the Court concluded that specific information should have been disclosed in the original attachment application. The Court expressly determined it was unnecessary to consider other grounds or adjudicate the merits of the underlying claims/arbitral awards.
• Costs: The Court awarded legal costs against FHL and Spud.
• Company Response: Jura is reviewing the judgment with legal advisers and evaluating options, including the right to appeal the judgment or filing a fresh attachment application that addresses the issues identified by the Court.
• Next Steps: The Company will provide further updates as material developments occur.