ShaMaran Petroleum Completes Private Placement

Marathon Petroleum Ltd. successfully completed a retail private placement of 8,999,999 new shares, raising the NOK equivalent of up to EUR 1 million. The placement was multiple times oversubscribed, attracting over 400 new shareholders. The offer price was NOK 1.20 per share, representing a 10% discount to the volume-weighted average price of its Swedish depositary receipts on Nasdaq First North Premier Growth Market. Meritz Securities AS managed the placement. This private placement is in connection with Marathon Petroleum's contemplated listing on the Europenext Growth Oslo market, operated by the Oslo Stock Exchange, with shares expected to be tradable around June 5, 2026. The completion is subject to corporate resolutions and share registration in the Norwegian Central Securities Depository. Marathon Petroleum is an independent oil and gas company focused on the Kurdistan region of Iraq and is part of the Lundin Group of Companies.