On December 8, 2020, Alan Rhoades Chief Accounting Officer of Denbury Inc. (“Denbury” or the “Company”) notified the Company of his decision to retire and resign as an officer of the Company effective January 8, 2021. Mr. Rhoades joined Denbury in 2003 and has served as its Vice President and Chief Accounting Officer since 2009. Mr. Rhoades will continue to serve as Chief Accounting Officer until his departure date. Mr. Rhoades’ resignation is not a result of any disagreement with the Company’s independent auditors or any member of management on any matter of accounting principles or practices, financial statement disclosure or internal controls. The Company intends to appoint a new Chief Accounting Officer prior to Mr. Rhoades’ departure.