Vermilion Energy sells additional common shares of Coelacanth Energy

Vermilion Energy (VET) announces that it has filed an early warning report in respect of its holdings in Coelacanth Energy Inc. On December 17, 2025, Vermilion sold 26,000,000 common shares of Coelacanth through privately negotiated transactions with various sellers, at a price of $0.76 per Common Share for a purchase price of $19,760,000, representing an amount equal to more than 2% of the issued and outstanding Common Shares thereby triggering the requirement to file the Early Warning Report. Prior to the Transactions, Vermilion had ownership, control or direction over an aggregate of 80,179,104 Common Shares, representing approximately 15.0% of the issued and outstanding Common Shares. Following the Transactions, Vermilion has ownership, control and direction over an aggregate of 54,179,104 Common Shares, representing approximately 10.2% of the issued and outstanding Common Shares.