Summary:

• Geo Energy Resources Limited has successfully completed the acquisition of 51% of the issued shares in both PT Trans Maritim Pratama and PT Bahari Segara Maritim, Indonesia-based shipping businesses, with all conditions precedent satisfied and sale shares transferred to the purchaser on 8 January 2026​

• The Company issued 275,196,480 consideration shares to the sellers on the completion date, increasing total issued share capital from 1,433,001,646 shares (excluding treasury shares) to 1,708,198,126 shares​

• The sellers have agreed to a one-year lock-up period from issuance, during which they will not sell, encumber or dispose of any consideration shares without prior written consent from the purchaser and the Company​

• The consideration shares rank pari passu with existing shares, carrying all similar rights, and have received SGX-ST approval in-principle for listing and quotation on the Main Board with effect from 9 January 2026​