Orca Announces Special Dividend

Core Viewpoint - Orca Energy Group Inc. has declared a cash special dividend of $2.00 (Cdn) per Class A and Class B Common Share, payable on February 27, 2026, to shareholders of record on February 13, 2026, reflecting the company's commitment to return excess cash to shareholders amid ongoing challenges with the Tanzanian government [1][2]. Group 1: Dividend Announcement - The Board of Directors of Orca Energy Group Inc. has declared a cash special dividend of $2.00 (Cdn) per Class A and Class B Common Share [1]. - The special dividend will be payable on February 27, 2026, to holders of Common Shares of record on February 13, 2026 [1]. Group 2: Financial Commitment and Challenges - Since January 2020, the company has invested approximately $106.1 million (US) into the Songo Songo natural gas field and has returned approximately $122.9 million (US) to shareholders [2]. - The company is facing difficulties as the Government of Tanzania has not engaged in constructive negotiations regarding the Songo Songo license and field development [2]. - Orca Energy Group Inc. plans to continue arbitration proceedings to enforce the obligations of the Tanzanian government under the project agreements and bi-lateral investment treaty with Mauritius [2]. Group 3: Trading Procedures - The special dividend will be executed in accordance with the "due bill" trading procedures of the TSX Venture Exchange, ensuring that purchasers of Common Shares during the Due Bills Period receive entitlement to the special dividend [2]. - Common Shares will commence trading on an "ex-dividend" basis from March 2, 2026, the day after the payment date [2].