Diversified Energy Co

We believe that a workforce with a broad range of skills, experiences, and perspectives contributes to a successful and sustainable business. We value

the unique talents, expertise, and creativity that individuals bring to the Group.

The Group is committed to fostering a work environment where employees are evaluated based on their contributions and abilities. Decisions related to

recruitment, selection, development, and promotion are based on merit and qualifications, ensuring that individuals are considered fairly. The Group

does not discriminate on the basis of race, color, religion, national origin, ancestry, citizenship, age, disability, sex, marital status, pregnancy, veteran

status, sexual orientation, gender identity, genetic information, or any other characteristic protected by applicable law. All applicants receive full and fair

consideration for employment opportunities, and career development, compensation, and advancement are based on objective criteria. Additionally,

employees who experience changes in their abilities while working within the Group are supported through retraining and other resources to facilitate

their continued success.

Charitable & Political Donations

The Group did not make any political donations or incur any political expenditures to candidates or political campaigns or candidates during the period.

During the year, the Group contributed nearly$2.1 million to numerous community organizations.

The Directors have given careful consideration to the appropriateness of the going concern basis in the preparation of the financial statements. The

validity of the going concern concept is dependent on funding being available for the working capital requirements of the Group in order to finance the

continuing development of its existing projects for at least the next 12 months. Sufficient funds are available in the short-term to fund the working

capital requirements of the Group. The Directors believe that this will enable the Group to continue in operational existence for the foreseeable future

and to continue to meet obligations as they fall due. Refer to Viability and Going Concern within this Annual Report & Form 20-F for a summary of the

Directors’ assessment.

Annual General Meeting

The AGM of the Group will be held in London on April 9, 2025. Full details of these proposals will be set out in a separate Notice of AGM sent to

all shareholders.

Shareholders are invited to complete the proxy form/form of instruction received either by post or vote electronically in CREST in accordance with the

Notes contained in the Notice of the AGM. The Notice of the AGM and Proxy Form/form of instruction are available on the Group’s website at

www.div.energy.

Additional Disclosures

Supporting information that is relevant to the Directors’ report, which is incorporated by reference into this report, can be found throughout this Annual

Report & Form 20-F.

For considerations of post balance sheet events refer to Note 28 in the Notes to the Group Financial Statements within this Annual Report & Form 20-F.

Statement of Directors’ Responsibilities in Respect of the Financial Statements

The Directors are responsible for preparing the Annual Report & Form 20-F and the financial statements in accordance with applicable law and

regulation.

Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have prepared the Group

Financial Statements in accordance with UK-adopted international accounting standards and the Company Financial Statements in accordance with

United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102 “The Financial Reporting Standard

applicable in the UK and Republic of Ireland”, and applicable law). In preparing the group financial statements, the directors have also elected to comply

with International Financial Reporting Standards issued by the International Accounting Standards Board (IFRSs as issued by IASB).

Under company law, Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of

affairs of the Group and Company and of the profit or loss of the Group for that period. In preparing the financial statements, the Directors are required

to:

•Select suitable accounting policies and then apply them consistently;

•State whether applicable UK-adopted international accounting standards and IFRSs issued by IASB have been followed for the Group Financial

Statements and United Kingdom Accounting Standards, comprising FRS 102 have been followed for the Company Financial Statements, subject to

any material departures disclosed and explained in the financial statements;

•Make judgments and accounting estimates that are reasonable and prudent; and

•Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Group and Company will continue in

business.

The Directors are responsible for safeguarding the assets of the Group and Company and, hence, for taking reasonable steps for the prevention and

detection of fraud and other irregularities.

The Directors are also responsible for keeping adequate accounting records that are sufficient to show and explain the Group’s and Company’s

transactions and disclose with reasonable accuracy at any time the financial position of the Group and Company and enable them to ensure that the

financial statements and the Directors’ Remuneration Report comply with the Companies Act 2006.

The Directors are responsible for the maintenance and integrity of the Company’s website. Legislation in the United Kingdom governing the preparation

and dissemination of financial statements may differ from legislation in other jurisdictions.

Directors’ Confirmations

The Directors consider that the Annual Report & Form 20-F and accounts, taken as a whole, is fair, balanced and understandable and provides the

information necessary for shareholders to assess the Group’s and Company’s position and performance, business model and strategy.

Each of the Directors, whose names and functions are listed in Directors' Report confirm that, to the best of their knowledge:

•The Group Financial Statements, which have been prepared in accordance with UK-adopted international accounting standards and IFRSs issued by

IASB, give a true and fair view of the assets, liabilities, financial position and loss of the Group;

•The Company Financial Statements, which have been prepared in accordance with United Kingdom Accounting Standards, comprising FRS 102,

give a true and fair view of the assets, liabilities, and financial position of the Company; and

•The Strategic Report includes a fair review of the development and performance of the business and the position of the Group and the Company,

together with a description of the principal risks and uncertainties that it faces.

In the case of each Director in office at the date the Directors’ Report is approved:

•So far as that Director is aware, there is no relevant audit information of which the Group’s and the Company’s auditors are unaware; and

•They have taken all the steps that they ought to have taken as a Director in order to make themselves aware of any relevant audit information and

to establish that the Group’s and Company’s auditors are aware of that information.

This Annual Report & Form 20-F was approved by the Board of Directors and authorized to be issued on March 17, 2025.

On behalf of the Board: