UNITEDENERGY GP (00467) completes the reserve financing loan arrangement.

UNITEDENERGY GP (00467) issued an announcement that, in accordance with the terms of the Common Terms Agreement (CTA) and all other financing documents, all preconditions have been met as stipulated in the financing documents, and the financing drawdown was officially completed on December 4, 2025. On November 28, 2025, UNITEDENERGY GP Limited (the Company), through its wholly-owned subsidiary Kuwait Energy Basra Limited (KEBL), secured a reserve-based financing loan of USD 346 million, with KEBL's upstream oil and gas interests in Iraq as collateral. This transaction was arranged and structured by Arab Energy Fund (TAEF) as the initial appointing lead arranger, and Kuwait Finance House B.S.C. (c) DIFC Branch, and Took Group as co-lead arrangers, under the CTA. The financing includes both conventional and Islamic financing. Following the completion of the transaction, the Company will continue to maintain a strong balance sheet and robust capital structure. The success of this syndicated financing reflects the strong confidence of regional and international major financial institutions in the Company's excellent operating performance in Iraq and overall solid financial condition. With its stable cash flow generation capability and sustainable operating model, the Company will continue to adopt prudent financial policies and responsible capital planning to support long-term financial stability. The Company will continue to focus on optimizing its capital structure, supporting the steady growth of its core business, and creating long-term value for all shareholders.