Amendment to Schedule 13D Filing for California Resources Corporation

Canada Pension Plan Investment Board (CPPIB) and its subsidiaries, CPPIB-PH(5) and CPPIB-PH(6), have filed an amendment to their Schedule 13D, originally filed on July 9, 2024. This amendment relates to the common stock of California Resources Corporation. On March 12, 2026, the Reporting Persons sold an aggregate of 3,500,000 shares of Common Stock at $61.10 per share. Following this transaction, CPPIB, through its subsidiaries, holds 7,006,895 shares, representing 7.9% of the outstanding Common Stock. The filing also confirms that none of the Reporting Persons or their Covered Persons have been convicted in criminal proceedings or were parties to civil proceedings that would subject them to judgments under federal or state securities laws in the last five years. The principal business of CPPIB is investing the Canada Pension Plan fund.