Vermilion Energy — September 2026 Hedge Disclosure (company IR deck)

Vermilion Energy (VET) · 2 slides · Filed Oct 29, 2026

Every slide of this earnings presentation, with the text as published. Open the original deck ↗ · All VET deck slides

Slide 1 — Vermilion's Hedging Summary - September 30, 2026

Vermilion's Hedging Summary - September 30, 2026 The prices in these tables may represent the weighted averages for several contracts with foreign currency amounts translated to the disclosure currency using forward rates as at the month-end date. The weighted average price for the portfolio of options listed below may not have the same payoff profile as the individual contracts. As such, the presentation of the weighted average prices is purely for indicative purposes. AECO Q4 2026 mcf CAD 39,303 2.76 39,303 4.57 — — 113,944 3.24 — — Q1 2027 mcf CAD 52,130 2.71 52,130 4.61 — — 99,521 3.16 — — Q2 2027 mcf CAD — — — — — — 127,955 2.88 — — Q3 2027 mcf CAD — — — — — — 127,955 2.88 — — Q4 2027 mcf CAD 37,707 2.37 37,707 4.40 — — 102,818 3.02 — — Q1 2028 mcf CAD 56,869 2.37 56,869 4.40 — — 28,435 3.15 — — Q2 2028 mcf CAD — — — — — — 18,956 2.43 — — Q3 2028 mcf CAD — — — — — — 18,956 2.43 — — Q4 2028 mcf CAD — — — — — — 6,387 2.43 — — AECO Basis (AECO less NYMEX Henry Hub) Q4 2026 mcf USD — — — — — — 13,261 (1.46) — — Q1 2027 mcf USD — — — — — — 6,889 (1.35) — — Q2 2027 mcf USD — — — — — — 43,407 (1.45) — — Q3 2027 mcf USD — — — — — — 30,000 (1.49) — — Q4 2027 mcf USD — — — — — — 10,109 (1.49) — — Q2 2028 mcf USD — — — — — — 16,500 (1.50) — — Q3 2028 mcf USD — — — — — — 16,500 (1.50) — — Q4 2028 mcf USD — — — — — — 5,560 (1.50) — — NYMEX Henry Hub Q4 2026 mcf USD 24,000 3.50 24,000 4.49 — — — — — — Q2 2027 mcf USD — — 30,000 4.50 — — — — — — Q3 2027 mcf USD — — 30,000 4.50 — — — — — — Q4 2027 mcf USD — — 10,109 4.50 — — — — — — Q1 2028 mcf USD — — 24,000 6.29 — — — — — — Q2 2028 mcf USD — — 40,500 5.56 — — — — — — Q3 2028 mcf USD — — 40,500 5.56 — — — — — — Q4 2028 mcf USD — — 29,560 5.96 — — — — — — NBP Q4 2026 mcf EUR — — — — — — 20,132 17.51 — — Q1 2027 mcf EUR — — — — — — 15,013 17.51 — — TTF Q4 2026 (1) mcf EUR 34,736 8.01 34,736 16.61 28,253 4.46 17,197 8.87 37,192 16.85 Q1 2027 (1) mcf EUR 28,253 7.43 28,253 13.75 28,253 3.95 7,370 9.35 26,956 16.87 Q2 2027 mcf EUR 6,722 10.65 9,179 15.54 6,722 7.72 19,654 8.08 — — Q3 2027 mcf EUR 6,722 10.65 9,179 15.54 6,722 7.72 19,654 8.08 — — Q4 2027 mcf EUR — — 2,457 7.74 — — 19,654 8.08 — — Q1 2028 mcf EUR — — — — — — 14,740 7.43 — — Q2 2028 mcf EUR 2,457 7.33 2,457 10.55 2,457 4.40 — — — — Q3 2028 mcf EUR 2,457 7.33 2,457 10.55 2,457 4.40 — — — — Unit Currency Daily Bought Put Volume Weighted Average Bought Put Price Daily Sold Call Volume Weighted Average Sold Call Price Daily Sold Put Volume Weighted Average Sold Put Price Daily Sold Swap Volume Weighted Average Sold Swap Price Daily Bought Swap Volume Weighted Average Bought Swap Price

Open the original at slide 1 ↗

Slide 2 — The following sold option instruments allow the counterparties, at the specified date, to enter into a derivative instrument contract with Vermilion at

THE Q4 2026 mcf EUR — — — — — — 17,061 16.45 — — Q1 2027 mcf EUR — — — — — — 11,942 16.45 — — WTI Q4 2026 bbl USD 11,000 62.82 11,000 71.29 11,000 50.80 1,000 62.50 — — Q1 2027 (1) bbl USD 4,000 62.50 4,000 71.54 4,000 53.13 — — — — Q2 2027 bbl USD 4,000 62.50 4,000 70.30 4,000 52.50 — — — — Q3 2027 bbl USD 4,000 67.75 4,000 79.59 4,000 57.75 — — — — Q4 2027 bbl USD 4,000 67.75 4,000 79.59 4,000 57.75 — — — — Dated Brent Q4 2026 bbl USD 2,000 66.50 2,000 81.75 2,000 59.50 — — — — Q1 2027 (1) bbl USD 3,000 67.17 3,000 81.72 3,000 59.17 — — — — Q2 2027 bbl USD 3,000 67.17 3,000 77.33 3,000 57.17 — — — — Q3 2027 bbl USD 3,000 70.67 3,000 84.14 3,000 60.67 — — — — Q4 2027 bbl USD 3,000 70.67 3,000 84.14 3,000 60.67 — — — — Unit Currency Daily Bought Put Volume Weighted Average Bought Put Price Daily Sold Call Volume Weighted Average Sold Call Price Daily Sold Put Volume Weighted Average Sold Put Price Daily Sold Swap Volume Weighted Average Sold Swap Price Daily Bought Swap Volume Weighted Average Bought Swap Price (1) Contracts include deferred premiums to be paid throughout the contract term, the weighted average premium is $1.50 USD/bbl for WTI, €1.55 EUR/mcf for TTF, and $4.40 USD/bbl for Dated Brent VET Equity Swaps Period Initial Share Price Share Volume Swap Jan 2020 - Apr 2028 20.9788 CAD 1,650,000 Swap Jan 2020 - Jul 2028 22.4587 CAD 1,500,000 Foreign Exchange Transaction Direction Period Monthly Bought Put Amount Weighted Average Bought Put Price Monthly Sold Call Amount Weighted Average Sold Call Price Put Sell USD, buy CAD Oct - Dec 2026 1,000,000 USD 1.3500 — — Collar Sell USD, buy CAD Oct - Dec 2026 12,000,000 USD 1.3537 12,000,000 USD 1.4364 Collar Sell USD, buy CAD Jan - Jun 2027 4,000,000 USD 1.3500 2,000,000 USD 1.4389 Collar Sell USD, buy CAD Jul - Dec 2027 2,000,000 USD 1.3500 2,000,000 USD 1.4428 Cross Currency Interest Rate Period Receive Notional Amount Receive Rate Pay Notional Amount Pay Rate Swap Feb 2033 250,000,000 USD 7.250% 357,870,000 CAD 6.099% Swap Sep - Oct 2026 107,735,402 USD SOFR + 2.250% 150,000,000 CAD CORRA + 2.14% The following sold option instruments allow the counterparties, at the specified date, to enter into a derivative instrument contract with Vermilion at the detailed terms: Period if Option Exercised Unit Currency Option Expiration Date Daily Bought Put Volume Weighted Average Bought Put Price Daily Sold Call Volume Weighted Average Sold Call Price Daily Sold Put Volume Weighted Average Sold Put Price Daily Sold Swap Volume Weighted Average Sold Swap Price WTI Jan 2027 - Dec 2027 bbl USD 31-Dec-2026 — — — — — — 1,000 75.00 Jan 2027 - Dec 2027 bbl USD 31-Dec-2026 — — — — — — 1,000 72.50 Jul 2027 - Jun 2028 bbl USD 30-Jun-2027 — — — — — — 2,800 70.00 Jul 2028 - Jun 2029 bbl USD 30-Jun-2028 — — — — — — 1,000 68.00 TTF Jan 2027 - Dec 2027 mcf EUR 31-Dec-2026 — — — — — — 4,913 10.26 Jan 2028 - Dec 2028 mcf EUR 30-Sep-2027 — — — — — — 4,913 8.79 Jan 2028 - Dec 2028 mcf EUR 24-Dec-2027 — — — — — — 4,913 8.79 Jan 2028 - Dec 2028 mcf EUR 30-Dec-2027 — — — — — — 4,913 8.06

Open the original at slide 2 ↗