Forbes Resources Brazil Holding Announces Results of Summons Sent to Bondholders

22 Aug 2025 20:47 CEST

In connection with the previously announced transaction with Questerre Energy
Corporation (“Questerre”), Forbes Brazil Holding S.A. (the “Company”) sent out a
waiver for a 30 day interest waiver request through a summons request. In
addition to the request for a 30 day extension on the interest payment
originally scheduled for July 26, 2025, the Company also sought to waive the
right to exercise the Put Option pursuant to Clause 10.3 of the Bond Terms, in
connection with the acquisition by Questerre that would otherwise constitute a
Change of Control under the Bond Terms. The Company announces that the waiver
request did not receive sufficient bondholder approval.

Full details of the results are set out in the attached Notice from Written
Resolution.

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653672_NO0013137802_NB_20250822(5187757.1).pdf