Pharos Energy PLC has announced the purchase and cancellation of 50,799 ordinary shares of £0.05 each in the Company through Peel Hunt LLP. The highest and lowest price paid per share was 24.3000 pence, with a volume-weighted average price paid per share also at 24.3000 pence. Following the purchase and cancellation, the Company will have 428,943,875 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 in July 2022, Pharos Energy PLC has purchased a total of 23,401,552 Ordinary Shares for cancellation at a cost (excluding stamp duty and dealing expenses) of £5,464,032.52. 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, Jann Brown, and Chief Financial Officer, Sue Rivett, are available for further information. The contact details for Pharos Energy PLC and Camarco are also provided for inquiries. This update on the share buyback programme is in compliance with the FCA's Disclosure Guidance and Transparency Rules.