Pharos Energy PLC has announced the purchase and cancellation of 57,749 ordinary shares of £0.05 each in the Company through Peel Hunt LLP. The highest and lowest price paid per share was 24.5000 pence, with a volume-weighted average price paid per share also at 24.5000 pence. Following the purchase and cancellation, the Company will have 428,451,150 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 23,894,277 Ordinary Shares have been purchased for cancellation at a cost (excluding stamp duty and dealing expenses) of £5,582,787.06. The detailed information of the individual trades made by Peel Hunt as part of the Programme is provided in accordance with the Market Abuse Regulation.

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 provides shareholders with the necessary information for calculating their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.