Energean PLC

Major Shareholding Notification • Nov 24, 2020

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)ⁱ

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:		Energean plc
		1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
	2. Reason for the notification (please mark the appropriate box or boxes with an "X")
	An acquisition or disposal of voting rights					X
	An acquisition or disposal of financial instruments
	An event changing the breakdown of voting rights
Other (please specify)iii:
	3. Details of person subject to the notification obligation
Name			Aggregate of Standard Life Aberdeen plc affiliated investment management entities with delegated voting rights on behalf of multiple managed portfolios
City and country of registered office (if applicable)			Edinburgh, Scotland
	4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			20/11/2020
6. Date on which issuer notified (DD/MM/YYYY):			23/11/2020
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	9.01	0.04		9.05	177,089,406
Position of previous notification (if applicable)	8.34		0.04	8.38

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of shares	Number of voting rightsix		% of voting rights
ISIN code (if possible)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00BG12Y042	N/A	15,951,947	N/A	9.01
SUBTOTAL 8. A	15,951,947		9.01

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument	Expiration datex	Exercise/ Conversion Periodxi	Number of voting rights that may be acquired if the instrument is Exercised/converted.	% of voting rights
Rights to recall lent shares			68,000	0.04
		SUBTOTAL 8. B 1	68,000	0.04

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex	Exercise/ Conversion Period xi	Physical or cash settlementxii	Number of voting rights	% of voting rights
			SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv X (please add additional rows as necessary)
Namexv	% of voting rights % of voting rights through financial Total of both if it if it equals or is instruments if it equals or is higher higher than the equals or is than the notifiable notifiable higher than the threshold threshold notifiable threshold
Standard Life Aberdeen plc
Standard Life Investments (Holdings) Limited
Ignis Asset Management Limited
Ignis Investment Services Limited	5.49	0.00	5.49
Standard Life Aberdeen plc
Standard Life Investments (Holdings) Limited
Standard Life Investments Limited
Standard Life Aberdeen plc
Aberdeen Asset Management PLC
Aberdeen Asset Managers Limited
Standard Life Aberdeen plc
Aberdeen Asset Management PLC
Aberdeen Asset Investment Group Limited
Aberdeen Asset Investments Limited

10. In case of proxy voting, please identify:
Name of the proxy holder	N/A
The number and % of voting rights held	N/A
The date until which the voting rights will be held	N/A

11. Additional informationxvi

In reference to Section 9, the shares detailed are managed by the named discretionary investment management entity within multiple portfolios on behalf of underlying clients, based on investment management agreements whereby the client has delegated the exercise of the voting power to the referenced investment manager.

This disclosure reflects the fact that the voting rights effectively held indirectly by the underlying intermediate holding company Ignis Asset Management Limited ("IAML") and held by the underlying investment management entity Ignis Investment Services Limited ("IISL") increased above the 5% notifiable threshold. In addition, the voting rights held by Standard Life Investments Limited decreased below the 5% notifiable threshold. IAML now effectively holds and IISL now holds 5.49% of the delegated voting rights in Energean plc. This crossing is due to an internal redistribution of voting rights due to a scheduled client restructuring.

Place of completion	Aberdeen, United Kingdom
Date of completion	23/11/2020