Pharos Energy PLC has announced that it has purchased 35,046 ordinary shares of £0.05 each in the company through Peel Hunt LLP as part of its share buyback program. The highest price paid per share was 24.2000 pence, while the lowest price paid per share was 23.9000 pence. The volume weighted average price paid per share was 24.1337 pence. Following the purchase and cancellation, the company will have 438,583,254 ordinary shares in issue, with 9,122,268 held in treasury. Since the initiation of the share buyback program, the company has purchased a total of 13,762,173 ordinary shares for cancellation at a cost of £3,322,967.33.

The individual transactions made by Peel Hunt as part of the program are detailed in the announcement. Shareholders may use the figure of 429,460,986 as the denominator for calculating whether they are required to notify their interest in the company.

For further information, please contact Pharos Energy PLC or Camarco.