On a corporate action affecting ordinary shares of Southwestern Energy Company (SWN)

On January 10, 2024, Southwestern Energy Company signed a merger agreement with Chesapeake Energy Corporation to create a combined energy company. Southwestern shareholders will receive 0.0867 shares of Chesapeake common stock for each share of Southwestern common stock if transaction is approved by stockholders on the special meetings of stockholders of the companies to be held on June 18, 2024. The merger is expected to close in the second half of 2024. For more details, please, refer to the company’s website.

ITS Ltd. will publish separate notices on the procedures undertaken by ITS Ltd. to process this corporate action outlining how trading in these qualified investments will be carried out.