VERMILION ENERGY INC.

Vermilion Energy Inc. announced the voting results from its Annual General Meeting held on May 6, 2026. Shareholders approved all proposed resolutions, including fixing the number of directors at eight, electing the eight director nominees, appointing Deloitte LLP as auditors, and accepting the approach to executive compensation on an advisory basis. A total of 51.79% of common shares were voted at the meeting. Additionally, Carin S. Knickel and William B. Roby retired from the Board.

Vermilion Energy Inc. held its Annual General Meeting virtually on May 6, 2026, with 51.79% of eligible common shares represented. Shareholders approved all proposed resolutions, including fixing the number of directors at eight and electing the eight director nominees. Deloitte LLP was re-appointed as auditors, and the company's approach to executive compensation was accepted on an advisory basis.

Vermilion Energy reported Q1 2026 fund flows from operations (FFO) of $232 million and free cash flow (FCF) of $98 million, fully funding capital expenditures and enabling $50 million in net debt reduction. The company also announced the acquisition of producing assets in Germany, adding 1,000 boe/d and enhancing exposure to European gas, alongside the divestment of its 60% interest in the SA-07 block in Croatia for approximately $24 million. Despite a net loss of $146 million due to unrealized derivative losses, production increased 22% year-over-year to 125,618 boe/d, and the cost structure improved significantly.

Vermilion Energy reported strong Q1 2026 operational and financial results, with fund flows from operations (FFO) of $232 million and free cash flow (FCF) of $98 million. The company significantly reduced net debt by $50 million to $1.29 billion, marking a $770 million reduction over the past 12 months. Production increased by 22% year-over-year to 125,618 boe/d, and the cost structure of controllable expenses decreased by 25%. Strategic moves included acquiring German producing assets and divesting a Croatian block for €15 million, with proceeds earmarked for debt reduction.

Vermilion Energy Inc. announced a cash dividend of $0.135 CDN per common share. This dividend is scheduled to be paid on June 30, 2026, to shareholders who are on record as of June 15, 2026. The company also confirmed that this dividend qualifies as an eligible dividend for Canadian income tax purposes.