SilverBow Resources Extends Stockholder Rights Plan

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May 16, 2023

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced that its Board of Directors (the “Board”) has unanimously approved an amendment to the Company's existing stockholder rights plan (the “Rights Plan”), pursuant to which the expiration date has been extended from today to the close of business on the first day following the date of the Company’s 2024 annual meeting of stockholders, which is currently expected to be held on Tuesday, May 21, 2024, unless the rights are earlier redeemed or exchanged. All other terms and conditions of the Rights Plan adopted in September 2022 remain unchanged.