IPC Updated Share Capital (June 30, 2025)

International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) reports the following, in accordance with the Swedish Financial Instruments Trading Act:

Following the cancellation of 288,027 common shares repurchased by IPC under the normal course issuer bid / share repurchase program, the total number of issued and outstanding common shares of the Corporation is 113,354,532 common shares with voting rights as at June 30, 2025 and IPC holds no common shares in treasury.