Pharos Energy PLC has announced the purchase and cancellation of 49,621 ordinary shares as part of its share buyback programme. The shares were acquired through Peel Hunt LLP, with the highest and lowest price paid per share being 21.8050 pence. Following the purchase and cancellation, the company will have 429,932,526 ordinary shares in issue, with 9,122,268 shares held in treasury. Since the initiation of the share buyback programme in July 2022, the company has purchased a total of 22,412,901 ordinary shares for cancellation at a cost of £5,235,495.86.

The company provided detailed information on the individual trades made by Peel Hunt as part of the programme, in accordance with the Market Abuse Regulation. The transactions were executed on the London Stock Exchange, with 49,621 shares purchased at 21.8050 pence per share at 16:22:29 on the execution venue XLON.

For further information, interested parties can contact Pharos Energy plc or Camarco. The company's Chief Executive Officer, Jann Brown, and Chief Financial Officer, Sue Rivett, can be reached at 0207 7747 2000. Camarco can be contacted at 020 3757 4980.

This update provides insight into Pharos Energy PLC's ongoing share buyback programme, offering transparency and clarity to shareholders and the market.