On a corporate action affecting ordinary shares of PDC Energy, Inc. (PDCE)

On May 21, 2023 PDC Energy, Inc. signed a merger agreement with Chevron Corporation under which Chevron Corporation will acquire PDC Energy, Inc. in an all-stock transaction. PDC Energy, Inc. shareholders will receive 0.4638 of a Chevron Corporation share for each PDC Energy, Inc. share they own. 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.