Genel Energy

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Genel Energy PLC (GENL)

Genel Energy PLC: Receipt of payments for KRI oil sales

29-Oct-2020 / 12:00 GMT/BST

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

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

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29 October 2020

Genel Energy plc

Receipt of payments for KRI oil sales

Genel Energy plc ('Genel' or 'the Company') announces that payments have been received from the Kurdistan Regional Government for oil sales during September 2020.

The Taq Taq partners have received a gross payment of $4.0 million, with Genel's net share of the payment being $2.2 million.

The Tawke partners have received a gross payment of $30.2 million, with Genel's net share of the payment being $7.4 million.

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For further information, please contact:

Genel Energy Andrew Benbow, Head of Communications	+44 20 7659 5100
Vigo Communications 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). The Company is one of the largest London-listed independent hydrocarbon producers, with an asset portfolio that positions us well for a future of fewer and better natural resources projects. Genel has low-cost and low-carbon production from the Taq Taq and Tawke licences in the Kurdistan Region of Iraq, providing financial resilience that allows investment in growth and the payment of a material and sustainable dividend, even at a low oil price. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.

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ISIN:	JE00B55Q3P39
Category Code:	MSCM
TIDM:	GENL
LEI Code:	549300IVCJDWC3LR8F94
Sequence No.:	86848
EQS News ID:	1144013

End of Announcement	EQS News Service

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