Outcomes of Early Participation in Crescent Power’s Alternate Provides and Consent Solicitations for Important Power, Inc.’s 7.75% Senior Notes due 2029 and 9.750% Senior Notes due 2030

Crescent Power Finance LLC (“CE Finance”), a completely owned subsidiary of Crescent Power Firm (NYSE: CRGY) (“Crescent”) introduced immediately the early outcomes of the beforehand introduced (i) provide to trade (the “2029 Notes Alternate Provide”) any and all 7.75% Senior Notes due 2029 (the “Present Important 2029 Notes”) issued by Important Power, Inc. (“Important”) which are held by Eligible Holders (as outlined beneath) for as much as $298,214,000 mixture principal quantity of latest 7.75% Senior Notes due 2029 issued by CE Finance (the “New Crescent 2029 Notes”), (ii) provide to trade (the “2030 Notes Alternate Provide” and, along with the 2029 Notes Alternate Provide, the “Alternate Provides”) any and all 9.750% Senior Notes due 2030 (the “Present Important 2030 Notes” and, along with the Present Important 2029 Notes, the “Present Important Notes”) issued by Important which are held by Eligible Holders for as much as $302,364,000 mixture principal quantity of latest 9.750% Senior Notes due 2030 issued by CE Finance (the “New Crescent 2030 Notes” and, along with the New Crescent 2029 Notes, the “New Crescent Notes”), and (iii) associated solicitations of consents (every, a “Consent”) by CE Finance from Eligible Holders to undertake sure proposed amendments (the “Proposed Amendments”) to every of the indentures governing the Present Important Notes, which, if adopted, would get rid of considerably all the restrictive covenants, sure occasions of default and sure different provisions at the moment contained therein (every, a “Consent Solicitation” and, collectively, the “Consent Solicitations”).

The next desk units forth the principal quantity of every sequence of Present Important Notes which were validly tendered (and Consents thereby validly delivered) as of 5:00 p.m., New York Metropolis time, on December 12, 2025 (the “Early Tender Date”). Every Eligible Holder who validly tenders (and doesn’t validly withdraw) their Present Important Notes pursuant to an Alternate Provide is deemed to have validly delivered their Consent within the corresponding Consent Solicitation with respect to the principal quantity of such tendered Present Important Notes. Withdrawal and revocation rights for the Alternate Provides and the Consent Solicitations expired at 5:00 p.m., New York Metropolis time, on December 12, 2025. Consequently, tendered Present Important Notes might now not be withdrawn and delivered Consents might now not be revoked, besides within the restricted circumstances the place further withdrawal rights are required by legislation or except Crescent elects in its sole discretion to amend the Alternate Provides and the Consent Solicitations to permit additional withdrawals. On this information launch, all Present Important Notes which were validly tendered and never validly withdrawn are known as having been “validly tendered” and all Consents which were validly delivered and never validly revoked as having been “validly delivered.”

The Alternate Provides and Consent Solicitations are being made upon the phrases and topic to the circumstances set forth within the Providing Memorandum and Consent Solicitation Assertion, dated December 1, 2025 (as it might be amended or supplemented once in a while, the “Providing Memorandum and Consent Solicitation Assertion”). Every Alternate Provide and Consent Solicitation is conditioned upon the Consent Threshold Situation, the Important Acquisition Situation and the Normal Situations (every as outlined within the Providing Memorandum and Consent Solicitation Assertion), though CE Finance might waive any situation (apart from the Important Acquisition Situation) at any time with respect to an Alternate Provide and corresponding Consent Solicitation.

The Alternate Provides and Consent Solicitations will expire at 5:00 p.m., New York Metropolis time, on December 30, 2025, except prolonged (such date and time, as the identical could also be prolonged, the “Expiration Date”) or earlier terminated by CE Finance.

Eligible Holders who validly tendered their Present Important Notes at or earlier than the Early Tender Date will obtain on the Settlement Date $1,000 principal quantity of New Crescent Notes of the relevant sequence for every $1,000 principal quantity of relevant Present Important Notes validly tendered, topic to the circumstances set forth within the Providing Memorandum and Consent Solicitation Assertion. Eligible Holders who validly tender their Present Important Notes after the Early Tender Date however on or previous to the Expiration Date can be eligible to obtain on the Settlement Date $970 principal quantity of New Crescent Notes of the relevant sequence for every $1,000 principal quantity of relevant Present Important Notes validly tendered, topic to the circumstances set forth within the Providing Memorandum and Consent Solicitation Assertion. As of the Early Tender Date, CE Finance has obtained the requisite variety of Consents to undertake the Proposed Amendments with respect to all Present Important Notes. As a result of the Consent Threshold Situation was glad with respect to every sequence of Present Important Notes, every holder of such sequence of Present Important Notes as of the Settlement Date can be paid $2.50 in money for every $1,000 principal quantity of Present Important Notes held by such holder as of the Settlement Date (the “Consent Charge”), topic to the opposite circumstances set forth within the Providing Memorandum and Consent Solicitation Assertion. The Settlement Date can be a date that’s promptly following the Expiration Date and is at the moment anticipated to be January 2, 2026, the second enterprise day following the Expiration Date (the “Settlement Date”). If the Important Acquisition Situation has not been glad previous to the Expiration Date, CE Finance intends to increase the Expiration Date, with out extending the Early Tender Date or the consent withdrawal deadline (except required by legislation or except CE Finance elects in its sole discretion to amend the Alternate Provides and the Consent Solicitations to permit additional withdrawals) to have the Settlement Date considerably coincide with the consummation of Crescent’s acquisition of Important.

Moreover, Important has entered right into a supplemental indenture with respect to every of the indentures governing the Present Important Notes containing the Proposed Amendments. Every supplemental indenture instantly grew to become efficient upon such entry however will solely turn out to be operative upon the trade of all Present Important Notes of the topic sequence validly tendered and never validly withdrawn pursuant to the relevant Alternate Provide and the fee of the relevant Consent Charge with respect to such sequence to holders of Present Important Notes as of the Settlement Date, topic to the circumstances set forth within the Providing Memorandum and Consent Solicitation Assertion. If the Proposed Amendments turn out to be operative with respect to a sequence of Present Important Notes, the Proposed Amendments can be binding on all holders of such sequence of Present Important Notes who didn’t validly tender their Present Important Notes in an Alternate Provide. Nevertheless, the supplemental indentures will nonetheless be of no power and impact till the relevant trade consideration and Consent Charge is paid.

CE Finance, in its sole discretion, might modify or terminate any Alternate Provide and should lengthen the Expiration Date and/or the Settlement Date with respect to any Alternate Provide, topic to relevant legislation. Any such modification, termination or extension by CE Finance with respect to an Alternate Provide will robotically modify, terminate or lengthen the corresponding Consent Solicitation, as relevant.

The Alternate Provides are solely being made, and the New Crescent Notes are solely being supplied and can solely be issued, and copies of the Providing Memorandum and Consent Solicitation Assertion and different associated supplies will solely be made accessible, to holders of Present Important Notes who full and return an eligibility type confirming, amongst different issues, that they’re both a “certified institutional purchaser” beneath Rule 144A or not a “U.S. particular person” and outdoors america beneath Regulation S for functions of relevant securities legal guidelines (such a holder, an “Eligible Holder”). The eligibility type is obtainable electronically at: https://gbsc-usa.com/eligibility/crgy .

Wells Fargo Securities, LLC is serving because the Vendor Supervisor for the Alternate Provides and because the Solicitation Agent for the Consent Solicitations. Any individuals with questions relating to the Alternate Provides or the Consent Solicitations ought to contact the Vendor Supervisor by calling (866) 309-6316 (toll-free) or (704) 410-4235 (acquire) or emailing liabilitymanagement@wellsfargo.com .

The Info Agent and Alternate Agent for the Alternate Provides and Consent Solicitations is World Bondholder Providers Company. Copies of the Providing Memorandum and Consent Solicitation Assertion and supplies associated to the Alternate Provides or Consent Solicitations could also be obtained from World Bondholder Providers Company by calling (212) 430-3774 (banks and brokers, acquire) or (855) 654-2015 (all others, toll-free) or by emailing contact@gbsc-usa.com .

This information launch is for informational functions solely. The Alternate Provides and Consent Solicitations are being made solely pursuant to the Providing Memorandum and Consent Solicitation Assertion, and the data on this information launch is certified by reference to the Providing Memorandum and Consent Solicitation Assertion. Additional, this information launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase the Present Important Notes, the New Crescent Notes or some other securities, nor does it represent a discover of redemption for the Present Important Notes. No advice is made as as to if holders ought to tender any Present Important Notes in response to the Alternate Provides (and ship Consents in response to the Consent Solicitations). Holders of Present Important Notes should make their very own determination as as to if to take part within the Alternate Provides and Consent Solicitations and, in that case, the principal quantity of Present Important Notes to tender.

The New Crescent Notes supplied within the Alternate Provides haven’t been registered beneath the Securities Act of 1933, as amended (the “Securities Act”), or any state securities legal guidelines. Due to this fact, the New Crescent Notes will not be supplied or bought in america absent registration or an relevant exemption from the registration necessities of the Securities Act and any relevant state securities legal guidelines.

About Crescent Power Firm

Crescent is a differentiated U.S. vitality firm dedicated to delivering worth for shareholders via a disciplined development via acquisition technique and constant return of capital. Crescent’s long-life, balanced portfolio combines vital money stream from steady manufacturing with deep, high-quality improvement stock. Crescent’s investing and working actions are targeted within the Eagle Ford, Permian and Uinta basins. For added info, please go to www.crescentenergyco.com .

No Provide or Solicitation

This communication pertains to a proposed enterprise mixture transaction (the “Transaction”) between Crescent and Important. This communication is for informational functions solely and doesn’t represent a proposal to promote or the solicitation of a proposal to purchase any securities or a solicitation of any vote or approval, in any jurisdiction, pursuant to the Transaction or in any other case, nor shall there be any sale, issuance, trade or switch of the securities referred to on this doc in any jurisdiction in contravention of relevant legislation. No provide of securities shall be made besides by way of a prospectus assembly the necessities of Part 10 of the Securities Act.

Vital Further Info In regards to the Transaction

In reference to the Transaction, Crescent filed a registration assertion on Type S-4 with the U.S. Securities and Alternate Fee (the “SEC”) (File No. 333-290422) that features a preliminary joint proxy assertion of Crescent and Important and a prospectus of Crescent. The registration assertion grew to become efficient pursuant to Part 8(a) of the Securities Act. The Transaction was submitted to Crescent’s stockholders and Important’s stockholders for his or her consideration. Crescent and Important might also file different paperwork with the SEC relating to the Transaction. The definitive joint proxy assertion/prospectus was despatched to the stockholders of Crescent and Important. This doc just isn’t an alternative choice to the registration assertion and the joint proxy assertion/prospectus which were filed with the SEC or some other paperwork that Crescent or Important might file with the SEC or ship to stockholders of Crescent or Important in reference to the Transaction. INVESTORS AND SECURITY HOLDERS OF CRESCENT AND VITAL ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE TRANSACTION AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION AND RELATED MATTERS.

Traders and safety holders can acquire free copies of the registration assertion, the joint proxy assertion/prospectus and all different paperwork filed or that can be filed with the SEC by Crescent or Important via the web site maintained by the SEC at https://www.sec.gov . Copies of paperwork filed with the SEC by Crescent are made accessible freed from cost on Crescent’s web site at https://crescentenergyco.com/traders , or by directing a request to Investor Relations, Crescent Power Firm, 600 Travis Avenue, Suite 7200, Houston, TX 77002, Tel. No. (713) 332-7001. Copies of paperwork filed with the SEC by Important are made accessible freed from cost on Important’s web site at https://vitalenergy.com beneath the Traders tab or by directing a request to Investor Relations, Important Power, Inc., 521 E. Second Avenue, Suite 1000, Tulsa, OK 74120, Tel. No. (918) 513-4570.

Cautionary Statements Relating to Ahead-Wanting Statements

This communication accommodates forward-looking statements inside the which means of Part 27A of the Securities Act, and Part 21E of the Securities Alternate Act of 1934, as amended. These statements are based mostly on present expectations. The phrases and phrases “ought to,” “may,” “might,” “will,” “imagine,” “assume,” “plan,” “intend,” “count on,” “potential,” “attainable,” “anticipate,” “estimate,” “forecast,” “view,” “efforts,” “goal,” “purpose” and comparable expressions establish forward-looking statements and categorical our expectations about future occasions. This communication consists of statements relating to the Alternate Provides, the Consent Solicitations, the Transaction, professional forma descriptions of the mixed firm and its operations, integration and transition plans, synergies, alternatives, anticipated future efficiency, Crescent’s capacity to shut any divestitures in a well timed method or in any respect, and future outlooks of Crescent which will include forward-looking statements inside the which means of federal securities legal guidelines. We imagine that our expectations are based mostly on affordable assumptions; nonetheless, no assurance may be on condition that such expectations will show to be right. A lot of components may trigger precise outcomes to vary materially from the expectations, anticipated outcomes or different forward-looking info expressed on this communication, together with the anticipated timing and chance of completion of the Transaction or any divestitures, together with the timing, receipt and phrases and circumstances of any required governmental and regulatory approvals of the Transaction that would scale back anticipated advantages or trigger the events to desert the Transaction, the anticipated timing and chance of the completion of the Alternate Provides and Consent Solicitations, the power to efficiently combine the companies, the incidence of any occasion, change or different circumstances that would give rise to the termination of the Merger Settlement (as outlined within the Providing Memorandum and Consent Solicitation Assertion), the chance that the events might not be capable of fulfill the circumstances to the Transaction in a well timed method or in any respect, dangers associated to disruption of administration time from ongoing enterprise operations as a result of Transaction, the chance that any bulletins referring to the Transaction may have opposed results available on the market worth of Crescent’s Class A standard inventory or Important’s frequent inventory, the chance that the Transaction and its announcement may have an opposed impact on the power of Crescent and Important to retain prospects and retain and rent key personnel and preserve relationships with their suppliers and prospects and on their working outcomes and companies usually, the chance the pending Transaction may distract administration of each entities and they’re going to incur substantial prices, the chance that issues might come up in efficiently integrating the companies of the businesses, which can consequence within the mixed firm not working as successfully and effectively as anticipated, the chance that the mixed firm could also be unable to realize synergies or it might take longer than anticipated to realize these synergies and different necessary components that would trigger precise outcomes to vary materially from these projected, climate, political and normal financial circumstances and occasions within the U.S. and in international oil producing corporations, together with the influence of inflation, elevated rates of interest and related modifications in financial coverage; modifications in tariffs, commerce boundaries, worth and trade controls and different regulatory necessities; federal and state laws and legal guidelines, together with the Inflation Discount Act of 2022, taxes, tariffs and worldwide commerce, security and the safety of the atmosphere; the influence of disruptions within the capital markets; geopolitical occasions such because the armed battle in Ukraine, the Israel-Hamas battle and elevated hostilities within the Center East, together with heightened tensions with Iran; actions by the Group of the Petroleum Exporting International locations (“OPEC”) and non-OPEC oil-producing international locations, together with the settlement by OPEC to part out manufacturing cuts; the provision of drilling, completion and working gear and companies; reliance on Crescent’s exterior supervisor; commodity worth volatility, the severity and period of public well being crises; and the dangers related to commodity pricing and Crescent’s hedging technique, the timing and success of enterprise improvement efforts, together with acquisition and disposition alternatives, our capacity to combine operations or notice any anticipated operational or company synergies and different advantages from latest acquisitions apart from the Transaction.

All statements, apart from statements of historic info, included on this communication that tackle actions, occasions or developments that we count on, imagine or anticipate will or might happen sooner or later are forward-looking statements. Such statements are topic to quite a lot of assumptions, dangers and uncertainties, lots of that are past our management. Consequently, precise future outcomes may differ materially from our expectations as a result of quite a lot of components, together with, however not restricted to, these gadgets recognized as such in the latest Annual Report on Type 10-Ok and any subsequently filed Quarterly Studies on Type 10-Q and the chance components described thereunder, filed by Crescent with the SEC.

A lot of such dangers, uncertainties and assumptions are past our capacity to regulate or predict. Due to these dangers, uncertainties and assumptions, you shouldn’t place undue reliance on these forward-looking statements. We don’t give any assurance (1) that we’ll obtain our expectations or (2) regarding any consequence or the timing thereof.

All subsequent written and oral forward-looking statements regarding this providing, the usage of proceeds therefrom, Crescent and CE Finance or different issues and attributable thereto or to any particular person appearing on their behalf are expressly certified of their entirety by the cautionary statements above. We assume no responsibility to replace or revise these forward-looking statements based mostly on new info, future occasions or in any other case.

View supply model on businesswire.com: https://www.businesswire.com/information/residence/20251212696672/en/

Crescent Power Investor Relations Contact
IR@crescentenergyco.com

Crescent Power Media Contact
Media@crescentenergyco.com