Buru Energy Limited - Annual General Meeting - Chair's Address and CEO Presentation and Address

Buru Energy Limited (Buru, Company) is pleased to provide the Chair's address and Chief Executive Officer's presentation and address for the Buru Energy Limited (ASX: BRU) 2024 Annual General Meeting (AGM) which commences at 10.30am (AWST) today Authorisation This ASX announcement has been authorised for release by the Chair of Buru Energy.

Contact:

Thomas Nador

Chief Executive Officer

Tel: [phone]

Email: [e-mail]

Prior to the formal business of the meeting, I would like to make some remarks about Buru's activities, including our role in the energy transition, and also about the energy landscape in general. Buru and its predecessor, ARC Energy, have operated in the Kimberley since 2006 and we have developed deep connections at a community and Government level, and continuously strive to maintain and improve those relationships. In that regard we also acknowledge and thank the Traditional Owners of the areas in which we operate. We deeply respect their connection to country and strive to ensure that our activities are of mutual benefit and cause a minimum level of disturbance. Our other vital relationship is with our staff. Our CEO, Thomas Nador, has done a remarkable job in advancing our projects during the year and has placed us in a great position to capitalise on the value of our assets. This has been achieved through the efforts of our hard working and innovative staff who deserve special recognition for their dedication and faith in positive outcomes for Buru and the energy industry in general. This dedication and faith is often tested given the unfortunate social atmosphere that can surround the supply of the vital energy resources that support our standard of living. This social atmosphere is also reflected in the declining university enrolments through a range of professions that are essential not only to the current fossil fuel industries, but also to support future energy supply and decarbonisation efforts. Mixed messages from Government are also not helpful. One the one hand there is recognition that Australia needs the energy industry to maintain and improve our current standard of living whilst moving towards lower overall carbon dioxide emissions, yet on the other hand it is not providing the tangible support this transition requires. However, the current environment also provides great opportunity for the Company, as it is now widely acknowledged that gas will be an integral and essential part of the supply of energy for the foreseeable future. The Company's Rafael gas and condensate discovery provides a unique opportunity to be part of this long-term energy supply system. The Company also recognises that the energy industry will be far more diverse in the future and it is investing in complementary business streams alongside its traditional activities. In particular, its natural hydrogen subsidiary 2H Resources has made significant headway into this nascent industry by moving quickly and innovatively to build up a substantial and prospective portfolio. We have also nurtured a 'company centre of excellence' in Carbon Capture Utilisation and Storage (CCUS) through our Geovault subsidiary, and I pay particular thanks to Rosie Johnstone who has tirelessly driven that project with a unique mixture of skill and passion. In advancing our projects, the Buru Board has also provided the essential support and counsel that is required to deliver on the Company's vision, and I thank them for their support. I also particularly thank our shareholders for their unwavering support both for the Company and for myself

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