MEREN ANNOUNCES LEADERSHIP CHANGE

Executive Summary

• Dr. Roger Tucker steps down as President and Chief Executive Officer of Meren Energy Inc., effective February 2, 2026.
• Dr. Oliver Quinn, previously Chief Commercial and Operating Officer, is appointed CEO and also joins the Board of Directors.
• The transition follows the successful integration of the Prime Oil & Gas Cooperatief U.A. consolidation and aligns with a pre‑established succession plan.

Key Details

• Dr. Tucker’s tenure included the consolidation of Prime and its integration, strengthening Meren’s operational platform and positioning the company for future growth.
• Dr. Quinn has been with Meren since September 2023 and played key roles in major transactions, including the farm‑down of Orange Basin interests and the Prime consolidation.
• The Board, chaired by Mr. Huw Jenkins, expressed confidence in Dr. Quinn’s technical and commercial expertise to lead the next growth phase.
• Dr. Quinn will head Meren’s Executive Committee (ExCom), which includes:
• Aldo Perracini – Chief Financial Officer
• Joanna Kay – Chief Legal Officer & Corporate Secretary
• Tom Haffenden – Chief Human Resources Officer
• Both Dr. Tucker and Dr. Quinn provided statements highlighting the strategic rationale for the leadership change and reaffirming Meren’s strong financial foundation, high‑quality asset portfolio, and growth objectives.

Notable Quotes

• Huw Jenkins, Chair: “We are delighted to appoint Oliver as CEO… he has the drive, capability and strategic focus required to take the Company forward.”
• Dr. Roger Tucker: “With the Prime consolidation successfully integrated … I believe this is the right time to hand over leadership.”
• Dr. Oliver Quinn: “I am proud to step into the role of CEO… the Company has a robust financial foundation, a portfolio of high‑quality assets with material organic upside and a talented team…”