Energean plc has received a conversion notice from Kerogen Investments No. 38 Limited for the conversion of USD 50 million worth of convertible loan notes. This will result in the issuance of 4,422,013 new ordinary shares at a conversion price of GBP 8.3843 per share. The new shares will rank pari passu with the existing ordinary shares. The company will apply for the admission of the new shares to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the Main Market for listed securities of the London Stock Exchange. The listing for trade of the new shares will also be sought on the Tel-Aviv Stock Exchange.

After the issuance of the new shares, the company's issued share capital will consist of 183,480,959 ordinary shares. As the company does not hold any shares in treasury, this figure will be used by shareholders to determine if they are required to notify their interest in, or a change in their interest in, the share capital of the company under the FCA's Disclosure Guidance and Transparency Rules.

For capital markets inquiries, contact Kate Sloan, Head of IR and M&A at +44 7917 608 645. For media inquiries, contact [email protected].