Noble (NE) Proxy filing summary

Executive summary

• Supplement addresses Proposals 14 and 15 for the 2026 Annual General Meeting, focusing on Board authority to allot shares and to do so without pre-emption rights for up to 20% of issued share capital, expiring in five years.

• Board recommends voting "FOR" both proposals to maintain flexibility for strategic opportunities, such as acquisitions and capital-intensive transactions.

• Proposals renew existing authorities that have been in place for over three years and were last approved in 2025 with over 90% shareholder support.

• Glass Lewis supports the proposals, while ISS recommends voting "Against" due to the five-year duration, which the Board argues is necessary for competitiveness.

Voting matters and shareholder proposals

• Proposals 14 and 15 seek to authorize the Board to allot shares up to 20% of issued capital and to disapply UK statutory pre-emption rights for five years.

• Board and Glass Lewis recommend voting "FOR"; ISS recommends "Against" based on duration concerns.

• Shareholders can change or revoke their votes before or during the meeting.

Board of directors and corporate governance

• Board emphasizes that the company is subject to NYSE rules and SEC regulations, aligning governance with US standards despite UK incorporation.

• Renewal of share authority proposals is positioned as essential for maintaining competitive parity with US-domiciled companies.