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Ithaca Energy, a leading independent oil and gas operator in the UK North Sea, today announces that it has entered into an exclusivity agreement (the “Exclusivity Agreement”) in relation to a potential transformational combination with substantially all of Eni S.p.A.’s (“Eni”) UK upstream assets including the recently acquired Neptune Energy assets, excluding certain assets including Eni’s CCUS and Irish sea assets (the “Potential Combination”).

Robust 2023 operational and financial performance with continued strategic delivery, supporting long- term value creation

Ithaca Energy, a leading UK independent exploration and production company, today announces its audited full year results for the year ended 31 December 2023.