PHAROS ENERGY PLC — AGM Information 2021

Dec 14, 2021

Company Number: 3300821

The Companies Act 2006 Public Company Limited by Shares

PHAROS ENERGY PLC (the "Company")

At the General Meeting of the Company held at the offices of Shepherd and Wedderburn LLP, 5 Cheapside, Octagon Point, London EC2V 6AA at 10.00 a.m. on 14 December 2021, the following resolution was passed as an ordinary resolution:

ORDINARY RESOLUTION

THAT the proposed farm-out and sale by the Group of a 55% working interest in the El Fayum concession, Egypt and a 55% working interest in the North Beni Suef concession, Egypt (together the "Transaction") substantially on the terms and subject to the conditions set out in the circular to shareholders of the Company in connection with the Transaction dated 25 November 2021, of which this notice forms part, be and is hereby approved and the directors of the Company (or any duly constituted committee thereof) be authorised to:

• (a) take all such steps as may be necessary or desirable in connection with, and to implement, the Transaction; and
• (b) agree such modifications, variations, revisions, waivers or amendments to the terms and conditions of the Transaction (provided such modifications, variations, revisions, waivers or amendments are not material), and to any documents relating thereto, as they may in their absolute discretion think fit.

By order of the board of directors of the Company:

John Martin

Chair .ze.--€4414z-t,