GRAN TIERRA ENERGY INC.

Transaction in Own Shares • Sep 20, 2022

National Storage Mechanism | Additional information

RNS Number : 9337Z

Gran Tierra Energy Inc.

20 September 2022

GRAN TIERRA ENERGY INC.

AMENDED

Company Announcement - Transaction in Own Shares

September 12, 2022

On August 29, 2022 Gran Tierra Energy Inc. ("Gran Tierra") announced a normal course issuer bid (the "NCIB") through the facilities of the Toronto Stock Exchange ("TSX"). The Company received regulatory approval from the TSX on August 30, 2022 to commence the 2022 NCIB. Pursuant to the NCIB, Gran Tierra may, for a one year period, purchase for cancellation or hold to satisfy awards granted under Gran Tierra's 2007 Equity Incentive Plan (the "2007 Equity Incentive Plan") up to 36,033,969 of its shares of common stock at prevailing market prices at the time of purchase. The NCIB commenced on September 1, 2022 and will expire on August 31, 2023, or earlier if the 10.00% share maximum is reached. The purpose of the NCIB is to reduce the share capital of Gran Tierra or to satisfy awards granted under the 2007 Equity Incentive Plan.

The following transactions were made under the NCIB during the period September 6, 2022 to September 9, 2022:

Transaction Date	Daily total volume (# Shares)	Daily volume weighted average price of shares acquired (CAD)	Gross Value (CAD)
September 6, 2022	514,658	$1.82	$   938,476.98
September 7, 2022	514,658	$1.73	$   887,934.68
September 8, 2022	514,658	$1.71	$   878,594.10
September 9, 2022	514,658	$1.76	$  903,903.32
TOTAL	2,058,632	$1.75	$3,608,909.08

Exchange Aggregated Data

	Platform	Sep. 6, 2022	Sep. 7, 2022	Sep. 8, 2022	Sep. 9, 2022
Volume	TSX	51,300	138,958	99,458	21,900
Pure	0	0	0	0
Chi-X	46,200	69,000	44,900	107,800
Omega	155,100	115,700	169,800	160,100
TriAct	58	0	0	58
Alpha	65,000	59,300	40,600	72,900
CNSX	2,900	12,000	22,600	4,800
LYNX	0	0	4,100	0
NEO	194,100	119,700	133,200	147,100
Volume weighted average price (CAD)	TSX	$1.83	$1.72	$1.70	$1.78
Pure	-	-	-	-
Chi-X	$1.83	$1.72	$1.71	$1.76
Omega	$1.82	$1.73	$1.70	$1.75
	TriAct	$1.81	-	-	$1.79
	Alpha	$1.82	$1.73	$1.71	$1.76
	CNSX	$1.81	$1.72	$1.72	$1.73
	LYNX	-	-	$1.73	-
	NEO	$1.82	$1.73	$1.71	$1.76

All transactions were made under ISIN US38500T1016 and effected by RBC Dominion Securities Inc. on behalf of Gran Tierra.  Following the above transactions, Gran Tierra will have 368,871,685 issued and outstanding shares.

Please click on the following link for a full breakdown of the individual trades to this announcement. 

http://www.rns-pdf.londonstockexchange.com/rns/9337Z_1-2022-9-19.pdf 

Contact Information:

Gary Guidry

Chief Executive Officer

Ryan Ellson

Chief Financial Officer

Rodger Trimble

Vice President, Investor Relations

(403) 265-3221

[email protected]

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