Genel Energy — Capital/Financing Update 2024

Oct 16, 2024

National Storage Mechanism | Additional information

Genel Energy PLC (GENL)

Genel Energy PLC: Bond call option exercised

16-Oct-2024 / 15:48 GMT/BST

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16 October 2024

Genel Energy plc

Bond call option exercised

Genel Energy plc ('Genel' or 'the Company') has notified Nordic Trustee AS that the Company calls $75 million of the outstanding bond amount relating to ISIN NO 0010894330 with a maturity date in October 2025 and a fixed coupon of 9.25% per annum, at a price equal to 101.85% of the nominal amount.

The total amount outstanding before the call is $300 million, resulting in $225 million remaining after the call option is exercised. The Company will cancel the bonds that it holds, leaving $66 million outstanding.

The call will have settlement date on 30 October 2024 and record date on 28 October 2024.

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For further information, please contact:

Genel Energy Luke Clements, Chief Financial Officer	+44 20 7659 5100
Vigo Consulting Patrick d'Ancona	+44 20 7390 0230

Notes to editors:

Genel Energy is a socially responsible oil producer listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). Genel has low-cost and low-carbon production from the Kurdistan Region of Iraq, and continues to seek opportunities to add new resilient and cash-generative assets to its portfolio. For further information, please refer to www.genelenergy.com

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Attachment

File: Exercise of voluntary partial redemption (Call Option)

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Dissemination of a Regulatory Announcement, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

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ISIN:	JE00B55Q3P39, NO0010894330
Category Code:	MSCH
TIDM:	GENL
LEI Code:	549300IVCJDWC3LR8F94
OAM Categories:	3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.:	353357
EQS News ID:	2009919

End of Announcement	EQS News Service

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