Energean PLC

Major Shareholding Notification • Jul 31, 2019

For filings with the FCA include the annex For filings with issuer exclude the annex

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESⁱ

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are ii attached:		ENERGEAN OIL & GAS PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the iii notification obligation:	Clal Insurance Company Ltd.
4. Full name of shareholder(s) (if different from 3.):iv	N/A
5. Date of the transaction and date on which the threshold is crossed or v reached:	24 July 2019
6. Date on which issuer notified:	30 July 2019
7. Threshold(s) that is/are crossed or reached: vi, vii	Above	8%

8. Notified details:
viii, ix A: Voting rights attached to shares
Class/type of shares	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
if possible using the ISIN CODE of	Number	Number of	Number of shares	Number of voting rights		% of voting rights x
	Shares	Voting Rights	Direct	Direct xi	Indirect xii	Direct	Indirect
Ordinary shares	12,180,275	7.94%	316,577	316,577	14,061,164	0.18%	7.95%

B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date xiii	Exercise/ Conversion Period xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights
N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date xvii	Exercise/ Conversion period xviii	Number of voting rights instrument refers to	% of voting rights xix, xx
					Nominal	Delta
N/A

Total (A+B+C)
Number of voting rights	Percentage of voting rights
14,377,741	8.13%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

Clal Insurance Company Ltd. ("Clal") controls directly or indirectly the voting rights attached to a total of 14,377,741 ordinary shares in Energean Oil & Gas Plc ("Energean") through several of its controlled undertakings, as stated below:

Of total of 14,377,741 ordinary shares (a) 316,577 Ordinary Shares are beneficially held for its own account; and (b) 14,061,164 Ordinary Shares are held for members of the public through, among others, provident funds and/or pension funds and/or insurance policies, which are managed by Clal and subsidiaries of Clal (Clal Pension and Provident funds Ltd. and Atudot Pension Fund for Workers & Independent Workers Ltd.) which operates under independent management and make independent voting and investment decisions.

The 14,377,741 ordinary shares represent 8.13% of the voting rights attached to Energean's shares (based on the total number of issued shares in Energean being 176,771,349 ordinary shares).

Proxy Voting:
10. Name of the proxy holder:	N/A
11. Number of voting rights proxy holder will cease to hold:	N/A
12. Date on which proxy holder will cease to hold voting rights:	N/A

13. Additional information:	N/A
14. Contact name:	Adi Barkan Stern Company Secretary Clal Insurance Enterprises Holdings Ltd
15. Contact telephone number:	+972-3-6387634