• Baytex renewed its normal course issuer bid to repurchase up to 70,899,359 common shares from July 2, 2026 to July 1, 2027.
• The authorization equals 10% of public float; 712,593,536 common shares were outstanding as of June 19, 2026.
• Daily TSX purchases capped at 1,709,763 shares, based on average daily trading volume of 6,839,053 shares over the past six months.
• Under the prior NCIB running July 2, 2025 to July 1, 2026, 56,372,803 shares were repurchased at a weighted-average CAD $5.38.
• Shares bought under the NCIB will be cancelled; BMO will act as designated broker under an automatic share purchase plan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Baytex Energy Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202606261400NEWSFILECNPR____20260626_302970_1) on June 26, 2026, and is solely responsible for the information contained therein.