Brigham Minerals, Inc. Stockholders Approve Merger With Sitio Royalties Corp.

Brigham Minerals, Inc. (NYSE:MNRL) ("Brigham" or the "Company") today announced the stockholders of the Company voted in favor of all proposals necessary for the closing of the previously announced merger (the "Merger") between Brigham and Sitio Royalties Corp. ("Sitio"). The Merger is anticipated to close on December 29, 2022.

At the special meeting of Brigham stockholders held today, more than 81.2% of the shares of Brigham common stock were represented, and more than 99.7% of the votes cast were in favor of the Merger.

As previously announced, Brigham stockholders will receive 1.133 shares of Class A common stock of Snapper Merger Sub I, Inc. ("New Sitio") for each share of Brigham Class A common stock owned and 1.133 shares of New Sitio Class C common stock for each share of Brigham Class B common stock owned. Brigham Minerals Holdings, LLC ("Opco LLC") unitholders will receive 1.133 common units representing limited partnership interests in Sitio Royalties Operating Partnership, LP for each unit in Opco LLC owned.

At the close of trading today, Brigham Class A common stock will no longer be listed for trading on the New York Stock Exchange.

In addition, in connection with the closing of the Merger, Gayle Burleson, Jon-Al Duplantier, Richard Stoneburner and John ("J.R.") Sult will join the New Sitio board of directors. Ms. Burleson, Mr. Duplantier, Mr. Stoneburner and Mr. Sult each served on Brigham's board of directors until the closing of the Merger.