ASCENT RESOURCES PLC — Major Shareholding Notification 2020

Aug 3, 2020

National Storage Mechanism | Additional information

RNS Number : 9892U

Ascent Resources PLC

03 August 2020

3 August 2020

Ascent Resources plc

("Ascent" or the "Company")

Significant Shareholder

Ascent Resources Plc (LON: AST) the onshore Caribbean, Hispanic American and European energy and natural resources company, announces that, on 3 August 2020, the Company was notified of the following changes to Riverfort Global Opportunities PCC Ltd's ("Riverfort") holding in the capital of the Company:

i.    on 25 March 2020, due to a disposal of voting rights, Riverfort's holding reduced to 2,400,000 ordinary shares of 0.5p each, representing 5.97% of the Company's then issued share capital;

ii.    on 8 April 2020, due to a disposal of voting rights, Riverfort's holding reduced to 1,700,000 ordinary shares of 0.5p each, representing 4.23% of the Company's then issued share capital; and

iii.   on 5 May 2020, Riverfort's holding remained at 1,700,000 ordinary shares of 0.5p each, however due to an issue of equity changing the breakdown of voting rights, Riverfort's holding represented 2.99% of the Company's issued share capital.

The relevant TR1 disclosures will be released in parallel with this announcement.

Enquiries:

Ascent Resources plc Andrew Dennan	Via Vigo Communications
WH Ireland, Nominated Adviser & Broker James Joyce / Chris Savidge	0207 220 1666
SP Angel, Joint Broker Richard Hail, Caroline Rowe	0203 470 0470

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HOLSSAFIDESSEDA