Pharos Energy PLC has announced the purchase and cancellation of 32,195 ordinary shares of £0.05 each in the Company through Peel Hunt LLP. The highest and lowest price paid per share was 20.1000 pence, with a volume-weighted average price paid per share also at 20.1000 pence. Following the purchase and cancellation, the Company will have 431,632,190 Ordinary Shares of £0.05 each in issue, with 9,122,268 Ordinary Shares held in treasury.

The Company has purchased a total of 20,713,237 Ordinary Shares for cancellation since the initiation of the earlier phase of the share buyback programme announced on 20 July 2022, at a cost (excluding stamp duty and dealing expenses) of £4,892,149.63. The figures provided may be used by shareholders as the denominator 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.

The detailed information of the individual trades made by Peel Hunt as part of the Programme is provided in accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 (the "Market Abuse Regulation"). The individual transactions on LSE included 32,195 shares purchased at 20.1000 pence per share at 11:48:21 on XLON.

For further information, interested parties can contact Pharos Energy plc at 0207 7747 2000 or Camarco at 020 3757 4980. The Company's Chief Executive Officer, Jann Brown, and Chief Financial Officer, Sue Rivett, are available for inquiries.