INPEX UK Group Entities – Tax Strategy
This document applies the UK group entities of INPEX Corporation (referred to as “the UK groupentities,” “we” or “our”). It was prepared in accordance with Paragraph 19(2) and Paragraph22(2), Schedule 19 of the Finance Act 2016. This document applies to the financial year ended 31
December 2023.
This document has been prepared in consultation with the following:••INPEX Global Taxation Policy
INPEX Sustainability Report FY2022

The UK group entities approach to risk management and governance arrangements relating to UKtaxation is aligned with that of INPEX Group’s (referred to as “INPEX”) overall Tax Policy.
The UK group entities, as part of INPEX, acknowledge that taxation is one of our key social
responsibilities that contributes to the socioeconomic development of the countries and regionsin which we operate, through ensuring the proper payment of tax in accordance with theapplicable laws and regulations and being committed to conducting our tax affairs in atransparent manner.
The UK group entities approach to risk management and governance arrangements in relation
to UK taxation
The UK group entities, as part of INPEX, are committed to complying with all UK tax legislation,regulations, and associated international tax guidelines from the OECD. Our approach to risk
management and governance in relation to UK taxation includes the following key elements:•Compliance with UK Tax Legislation – we will ensure compliance with all UK tax legislation
and regulation, including filing accurate and timely returns and other disclosures as wellas making appropriate tax payments.

•Transparency and disclosure – we will maintain transparency in our tax affairs in the UKby providing clear and accurate information to tax authorities as required by law. This
includes all relevant disclosures and reporting obligations.

•Internal oversight – our finance teams supervised by the Managing Director, Chief
Financial Officer, and board, will work diligently to understand, and comply with UK tax
legislation and transfer pricing rules.

•External expertise – we will make effective use of tax advisors’ expertise when mitigating
tax risk and to provide assurance that we are meeting our UK tax obligations.

The UK group entities attitude towards tax planning
Our attitude towards tax planning is in-line with the broader INPEX Tax Policy. We strive to ensure
appropriate tax payments through utilizing tax incentives to the extent that such incentives areapplicable for our normal business activities or would eliminate double taxation.

8th Floor, Mid City Place, 71 High HolbornLondon WC1V 6BA, United Kingdom
Registered in England and Wales. Company No. 13749940

We do not engage in tax planning with the intent of avoiding taxes or use countries or regionswith no taxes or extremely low tax rates (often referred to as “tax havens”) for tax avoidance
purposes without commercial substance.
The level of risk the UK group entities are prepared to accept in relation to taxation
Our aim is to minimize tax risk in the UK to the greatest extent possible whilst ensuring
compliance with relevant tax legislation and guidelines.
We identify taxation risks as an important business issue. In compliance with INPEX Tax Policy, wedevelop an understanding of tax laws in the UK and tax guidelines prescribed by the UK.
As part of this process, we engage external expert advice to assist in mitigating these risks.
The UK group entities approach in our dealings with HMRC
We seek to build constructive and trusting relationships with tax authorities and pay taxes
appropriately.
Our interactions with HMRC are characterized by:•Transparent, timely and accurate reporting – we will provide transparent, accurate andtimely information to HMRC including required disclosures and other documentation.

•Open communication – we will engage in open and proactive communication with HMRC
to address any queries or concerns promptly.

•Certainty through agreements – we will consider engaging HMRC for certainty on tax
positions as deemed appropriate.

•Ethical engagement – we will adhere to ethical and legal principles in our interactions
with HMRC, and we will cooperate fully with any enquiries they may make.

We are committed to maintaining the highest standards of tax compliance and ethical conduct in
the United Kingdom.

8th Floor, Mid City Place, 71 High Holborn
London WC1V 6BA, United Kingdom
Registered in England and Wales. Company No. 13749940