Pharos Energy PLC has announced the purchase and cancellation of 81,691 ordinary shares of £0.05 each in the Company through Peel Hunt LLP as part of the extension of its share buyback programme. The highest and lowest price paid per share was 23.7000 pence, with a volume weighted average price paid per share also at 23.7000 pence. Following the purchase and cancellation, the Company will have 429,535,998 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 22,809,429 Ordinary Shares have been purchased for cancellation at a cost (excluding stamp duty and dealing expenses) of £5,326,658.37. 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 "Market Abuse Regulation").

The Company's Chief Executive Officer, Jann Brown, and Chief Financial Officer, Sue Rivett, can be contacted for further information. The announcement also includes contact information for Camarco, the Company's communications advisor.