GEOPARK ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING 5.500% SENIOR NOTES DUE 2027

(CUSIP NOS. 37255B AB5; G38327 AB1 / ISIN NOS. US37255BAB53; USG38327AB13) , /PRNewswire/ -- GeoPark Limited ("GeoPark" or the "Company") (NYSE: GPRK), an exempted company incorporated under the laws of Bermuda, today announced the commencement of an offer to purchase for cash any and all of its outstanding 5.500% Senior Notes due 2027 (the "Notes") (the "Tender Offer"). The Tender Offer is being made upon the terms and subject to the conditions (including the Financing Condition (as defined in the Offer to Purchase)) set forth in the offer to purchase dated January 21, 2025 (the "Offer to Purchase") and the notice of guaranteed delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents"). The table below summarizes certain payment terms for the Notes: Description of Security CUSIP No. ISIN Outstanding Principal Amount as of the Date Hereof Consideration per U.S.$1,000 Outstanding Principal Amount* 5.500% Senior Notes due 2027 144A: 37255B AB5 Reg S: G38327 AB1 144A: US37255BAB53 Reg S: USG38327AB13 U.S.$500,000,000 U.S.$1,000 * The Consideration for the Notes will be paid together with accrued and unpaid interest from the last interest payment date for the Notes up to, but not including, the Settlement Date (as defined below). The Tender Offer will expire at 5:00 p.m., New York City time, on January 27, 2025, or any other date and time to which GeoPark extends the Tender Offer (such date and time, as it may be extended, the "Expiration Time"). Holders of Notes must validly tender their Notes (or, where applicable, Notices of Guaranteed Delivery) at or prior to the Expiration Time and not validly withdraw them at or prior to the applicable Withdrawal Deadline (as defined in the Offer to Purchase) in order to be eligible to receive the Consideration (as defined in the Offer to Purchase) plus accrued and unpaid interest for such Notes. Tendered Notes may be validly withdrawn at any time at or prior to the Withdrawal Deadline but not thereafter. Notes may be tendered and accepted for payment in principal amounts equal to minimum denominations of U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof. Holders who tender less than all of their Notes must continue to hold Notes in at least the minimum authorized denomination of U.S.$200,000 principal amount. No alternative, conditional or contingent tenders will be accepted. The obligation of GeoPark to purchase Notes in the Tender Offer is conditioned on the satisfaction or waiver of certain conditions, including, without limitation, the Financing Condition, described in the Offer Documents. GeoPark reserves the right, in its sole discretion, to amend or terminate the Tender Offer at any time. The Tender Offer is being made in connection with a proposed offering of U.S. dollar denominated senior notes (the "New Notes") to be issued by GeoPark (the "Proposed New Notes Offering"). The Proposed New Notes Offering will be exempt from the registration requirements of the U.S. Securities Act of 1933, as amended. The information and tender agent for the Tender Offer is Sodali & Co. Requests for documentation and questions regarding the Tender Offer can be directed to Sodali & Co. at its telephone numbers +1 203 658 9457 and +44 20 4513 6933, or by email at [email protected]. Copies of each of the Offer Documents are available from the tender offer website (the "Tender Offer Website"): https://projects.sodali.com/geopark, subject to eligibility confirmation and registration. Any questions or requests for assistance or for additional copies of this notice may be directed to the dealer managers at their respective telephone numbers set forth below or, if by any Holder, to such Holder's broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Tender Offer. The dealer managers for the Tender Offer are: Banco BTG Pactual S.A. – Cayman Branch 601 Lexington Avenue, 57th Floor New York, NY 10022 United States Attn: Debt Capital Markets E-mail: [email protected] Deutsche Bank Securities Inc.1 Columbus Circle New York, NY 10019United States Attention: Liability Management Group J.P. Morgan Securities LLC 383 Madison Avenue New York, New York 10179United StatesAttn: Latin America DebtCapital Markets Collect: +1 (212) 293-4600 Collect: +1 (212) 250-2955Toll-Free: +1 (866) 627-0391 Collect: +1 (212) 834-7279 Toll Free: +1 (866) 846-2874 This notice does not constitute or form part of any offer or invitation to purchase, or any solicitation of any offer to sell, the Notes or any other securities in the United States or any other country, nor shall it or any part of it, or the fact of its release, form the basis of, or be relied on or in connection with, any contract therefor. The Tender Offer is made only by and pursuant to the terms of the Offer Documents, and the information in this notice is qualified by reference to the Offer to Purchase and the Notice of Guaranteed Delivery. None of GeoPark, the dealer managers or the information and tender agent makes any recommendation as to whether Holders should tender their Notes pursuant to the Tender Offer. For further information, please contact: INVESTORS: MEDIA: CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as "believes," "expects," "may," "anticipates," "plans," "intends," "assumes," "will" or similar expressions. The forward-looking statements contained herein include statements about the tender offer for the notes due 2027, the Company's notes offering and its intended use of proceeds therefrom. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, GeoPark's business and operations involve numerous risks and uncertainties, many of which are beyond the control of GeoPark, which could result in GeoPark's expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of GeoPark. Some of the factors that could cause future results to materially differ from recent results or those projected in forward-looking statements are described in GeoPark's filings with the United States Securities and Exchange Commission. The forward-looking statements are made only as of the date hereof, and GeoPark does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. In light of the risks and uncertainties described above, and the potential for variation of actual results from the assumptions on which certain of such forward-looking statements are based, investors should keep in mind that the results, events or developments disclosed in any forward-looking statement made in this document may not occur, and that actual results may vary materially from those described herein, including those described as anticipated, expected, targeted, projected or otherwise. SOURCE GeoPark WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

GEOPARK ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER FOR ANY AND ALL OF ITS OUTSTANDING 5.500% SENIOR NOTES DUE 2027

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