CAPRICORN ENERGY PLC

Transaction in Own Shares • Jun 1, 2022

FOR IMMEDIATE RELEASE 1 June 2022

CAPRICORN ENERGY PLC ("Capricorn" or "the Company")

Share Repurchase Programme - Update

Following this morning's announcement regarding the recommended all-share combination of Tullow Oil PLC and Capricorn Energy PLC, Capricorn has suspended its previously announced US\$200 million share buyback programme other than in respect of the US\$25 million tranche announced on 7 April 2022, which is being conducted by JP Morgan Securities PLC on a non-discretionary basis and will end no later than 6 July 2022.

Enquiries
Analysts/Investors David Nisbet, Corporate Affairs	Tel: 0131 475 3000
Media Linda Bain/Jonathan Milne, Corporate Affairs	Tel: 0131 475 3000
Patrick Handley/David Litterick, Brunswick Group LLP	Tel: 0207 404 5959

This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.