Sitio’s stock ticker is STR and its Class A Common shares trade on the NYSE

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Sitio is structured as an umbrella partnership C corporation (“Up-C”) and investors holding Common A shares receive 1099 forms annually

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Sitio’s Class A Common Stock trades on the NYSE and holders are entitled to one vote per share on all matters to be voted upon by the stockholders and are entitled to ratably receive distributions when and if declared by Sitio’s Board of Directors. Sitio’s Class C Common Stock does not trade on a public exchange and are non-economic, but entitle the holder to one vote per share. Holders of the Class C Common Stock hold an equivalent number of Sitio OpCo Partnership Units, which are entitled to ratably receive distributions when and if declared by Sitio’s Board of Directors and are redeemable on a one-for-one basis for shares of Class A Common Stock at the option of the holder. Upon the redemption of any holder of Sitio OpCo Partnership Units for shares of Class A Common Stock, a corresponding number of shares of Class C Common Stock held by such holder will be cancelled.

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Reporting mineral and royalty interests adjusted to a 1/8th royalty is the widely accepted standard terminology within the oil and gas mineral and royalty industry. NRAs adjusted to a 1/8th royalty can be converted to 100% royalty acres by multiplying NRAs adjusted to a 1/8th royalty by 8

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Sitio’s corporate headquarters is 1401 Lawrence Street, Suite 1750, Denver, CO 80202

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KPMG

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Cawley, Gillespie & Associates

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June 7, 2022

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Please review the Governance sub-section in the Investor Relations section of Sitio’s website

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You may communicate with the Board, any committee of the Board, the Chairman of the Board or any other director by sending a written communication in an envelope marked as “Stockholder/Interested Party Communication with Directors,” with the intended recipients of the communication clearly identified, to the following address: 1401 Lawrence Street, Suite 1750, Denver, CO 80202. The responsible officer at the Company will forward any such communication to the intended recipients if it complies with the requirements of any applicable policy adopted by the Board relating to the subject matter of the communication and it falls within the scope of matters generally considered by the Board.

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Please enter your email address, select the types of alerts you would like to receive and click “Sign Up” at the bottom of the Investor Relations section of Sitio’s website

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December 31st

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Sitio expects to pay dividends on its common stock in amounts determined by its Board of Directors; Sitio generally expects to pay a dividend of at least 65% of its Discretionary Cash Flow to shareholders

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Continental Stock Transfer & Trust, who can be contacted at cstmail@continentalstock.com or 1-800-509-5586

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Contact Sitio’s transfer agent if you own shares in your own name. If Sitio stock is held in Street name or a brokerage account, please contact your stock broker

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Sitio does not currently have a direct stock purchase plan. Please contact a licensed stock broker or use an online brokerage account to purchase Sitio shares

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Ross Wong, Senior Director of Corporate Finance and Investor Relations; IR@sitio.com; (720) 640-7647

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info@sitio.com; (720) 640-7620

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