Pharos Energy PLC has announced the purchase and cancellation of 123,195 ordinary shares of £0.05 each in the Company through Peel Hunt LLP as part of its share buyback programme. The highest and lowest price paid per share was 25.1240 pence, with a volume-weighted average price paid per share also at 25.1240 pence. Following the purchase and cancellation, the Company will have 426,970,870 Ordinary Shares of £0.05 each in issue, with 9,122,268 Ordinary Shares held in treasury.

Since the initiation of the earlier phase of the Company's share buyback programme, a total of 25,374,557 Ordinary Shares have been purchased for cancellation at a cost (excluding stamp duty and dealing expenses) of £5,941,321.84. The detailed information of the individual trades made by Peel Hunt as part of the Programme is provided in accordance with the UK version of Regulation (EU) No. 596/2014.

The Company's Chief Executive Officer, Katherine Roe, and Chief Financial Officer, Sue Rivett, can be contacted for further information. The announcement provides shareholders with the necessary information for calculating whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.