REG - Harbour Energy PLC BASF SE - Holding(s) in Company

Harbour EnergyAnnouncement

Mon 07:02

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RNS Number : 6879E  Harbour Energy PLC  18 May 2026

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00BMBVGQ36

Issuer Name

HARBOUR ENERGY PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

BASF SE

City of registered office (if applicable)

Ludwigshafen am Rhein

Country of registered office (if applicable)

Deutschland

4. Details of the shareholder

 Name                      City of registered office  Country of registered office
 Vidacos Nominees Limited  London                     England

5. Date on which the threshold was crossed or reached

17-May-2026

6. Date on which Issuer notified

17-May-2026

7. Total positions of person(s) subject to the notification obligation

                                                                            % of voting rights attached to shares (total of 8.A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)  Total of both in % (8.A + 8.B)  Total number of voting rights held in issuer
 Resulting situation on the date on which threshold was crossed or reached  25.485658                                             0.000000                                                                   25.485658                       402616455
 Position of previous notification (if applicable)                          34.980672                                             0.000000                                                                   34.980672

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 GB00BMBVGQ36                                 0                                        402616455                                    0.000000                            25.485658
 Sub Total 8.A                                402616455                                                                             25.485658%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

 Type of financial instrument  Expiration date  Exercise/conversion period  Number of voting rights that may be acquired if the instrument is  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to
(DTR5.3.1R.(1) (b))

 Type of financial instrument  Expiration date  Exercise/conversion period  Physical or cash settlement  Number of voting rights  % of voting rights

 Sub Total 8.B2

9. Information in relation to the person subject to the notification
obligation

2. Full chain of controlled undertakings through which the voting rights
and/or the financial instruments are effectively held starting with the
ultimate controlling natural person or legal entities (please add additional
rows as necessary)

 Ultimate controlling person  Name of controlled undertaking                                  % of voting rights if it equals or is higher than the notifiable threshold  % of voting rights through financial instruments if it equals or is higher  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                                                          than the notifiable threshold
 BASF SE (Chain 1)            BASF Handels- und Exportgesellschaft mit beschränkter Haftung   25.485658                                                                   0.000000                                                                    25.485658%
 BASF SE (Chain 1)            Vidacos Nominees Ltd                                            25.485658                                                                   0.000000                                                                    25.485658%

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional Information

BASF SE is making this notification on behalf of itself and on behalf of its
wholly owned subsidiary BASF Handels und Exportgesellschaft mit beschränkter
Haftung.

BASF SE and BASF Handels und Exportgesellschaft mit beschränkter Haftung
("BASF") hold the shares in Harbour Energy plc ("Harbour") indirectly via a
custodian, Vidacos Nominees Limited (as described in section 9 above), which
holds the legal title to those shares on their behalf pursuant to a custody
arrangement.

BASF entered into an agreement on 17 May 2026 to dispose of 150 million
ordinary shares in Harbour to Altor Finance Limited, an entity sharing common
ultimate ownership with BW Group (the "Transaction"). Closing and settlement
of the Transaction is expected to occur on or before 26 May 2026. To enable
the Transaction triggering this notification, Morgan Stanley Europe SE has
agreed to waive the 90-day lock-up governing any sale of shares in Harbour by
BASF, which was imposed following closing of the secondary placing of shares
in Harbour shares by BASF on March 31, 2026 [(the "Placing"), solely in
respect of the Transaction. The voting rights which BASF is disposing of (as
disclosed in this notification) will remain subject to lock-up restrictions
for the balance of that 90-day period. BASF's remaining voting rights in
Harbour continue to be subject to the balance of the 90-day lock-up
restrictions detailed in the Placing announcement dated 27 March 2026.

12. Date of Completion

17-May-2026

13. Place Of Completion

Ludwigshafen, Germany

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