WASHINGTON-- July 11, 2022 -- EIG, a leading institutional investor to the global energy and infrastructure sectors, today announced that it has distributed shares of Harbour Energy plc (HBR.L or the “Company”) held by Harbour North Sea Holdings Ltd. (“Harbour North Sea”) to EIG fund investors through a series of distributions. Following the merger of Premier Oil plc and Chrysaor Holdings Ltd., Harbour North Sea received 36.46% of the Company. EIG manages holdings in the Company through an investment fund via several holding companies (the “EIG Holding Structure”). The distribution of shares though the EIG Holding Structure will result in numerous regulatory filings.

EIG would like to make clear that:

· No shares of the Company were sold as part of this distribution.
· Following this distribution, EIG will remain the largest shareholder of the Company, holding approximately 16% of its outstanding shares through managed vehicles and proprietary ownership.
· R. Blair Thomas and Steven Farris will remain as Chairman and Director, respectively, of the Company.
· The distribution is a taxable event for certain EIG affiliated shareholders, so some of these shareholders may sell shares to cover such tax obligations as and when necessary.

“Today, EIG has distributed shares in Harbour Energy to our fund investors. As EIG is still the largest shareholder following the distribution, we remain committed to the sector, confident in the Company’s current strategy and supportive of its management team,” said R. Blair Thomas, EIG’s Chief Executive Officer.