SOUND ENERGY PLC

Share Issue/Capital Change • Dec 18, 2019

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RNS Number : 3427X

Sound Energy PLC

18 December 2019

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO US PERSONS OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, NEW ZEALAND OR THE REPUBLIC OF SOUTH AFRICA OR INTO ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW.

18 December 2019

Sound Energy plc

("Sound Energy" or the "Company")

Result of Placing, Issue of Equity and Total Voting Rights

Sound Energy (the "Company"), the Moroccan focused upstream gas company, announces that, further to its announcement of earlier today, the Company has concluded a placing of new ordinary shares in the Company ("Ordinary Shares") to raise £1.5 million before costs (the "Placing").

The net proceeds of the Placing of approximately £1.35 million, will strengthen the Company's cash position (adding to the Company's cash balances of approximately £5.4 million as at 30 November 2019) whilst the Company continues to progress the potential partial sale of its Eastern Morocco portfolio (the "Partial Sale"), in relation to which the Company announced the award of exclusivity and the entry of non-binding heads of terms on 6 November 2019.

Pursuant to the Placing, Sound Energy has issued 75,000,000 new Ordinary Shares at a placing price of 2.0 pence per Placing Share, conditional on the Placing Shares being admitted to trading on AIM. In connection with the Placing the Company has also issued a further 1,425,000 new Ordinary Shares in lieu of fees incurred in connection with the Placing, conditional on admission. The Company has used the services of a third party agent to conduct the Placing.

The new Ordinary Shares will, when issued, rank pari passu in all respects with the Company's existing Ordinary Shares. Application will be made for the new Ordinary Shares to be admitted to trading on AIM and admission is expected to take place at 8.00 a.m. on 13 January 2020.

Following the issue of the new Ordinary Shares in respect of the Placing and in lieu of fees, the Company's issued share capital will consist of 1,156,037,264 Ordinary Shares. Each share has one voting right and no shares are held in treasury. These figures may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information please contact:

Vigo Communications - PR Adviser Patrick d'Ancona Chris McMahon Simon Woods	Tel: +44 (0)20 7390 0230
Sound Energy	questions@soundenergyplc.com
Cenkos Securities - Nominated Adviser Azhic Basirov Ben Jeynes	Tel: +44 (0)20 7397 8900
RBC - Joint Broker Matthew Coakes Martin Copeland	Tel: +44 (0)20 7653 4000
Macquarie Capital (Europe) Limited - Joint Broker Alex Reynolds	Tel: +44 (0)20 3031 2000

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

The Placing does not constitute a public offer of securities in accordance with the provisions of Section 85 of the Financial Services and Markets Act 2000 and accordingly a prospectus will not be issued in the United Kingdom.

This announcement does not constitute an offer of securities in the United Kingdom or in any other jurisdiction, including the United States of America.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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