Santacruz Silver Mining Ltd. — Major Shareholding Notification 2021

Apr 26, 2021

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Current Report No. 13/2021 Date: 2021-04-26 Issuer’s trading name: SERINUS ENERGY plc Title: Holding in the Company Legal basis: Other regulations

Content:

In view of the requirement of Article 62(8) of the Act of 29 July 2005 on Public Offering, the Conditions Governing the Introduction of Financial Instruments to Organised Trading, and on Public Companies, considering that the shares of Serinus Energy plc (the "Company") are listed on AIM in the UK, the Management of the Company announces that outside the Republic of Poland it has published information that on April 23, 2021 it received a notification from Kulczyk Investments S.A., given under the AIM regulations, of the change in its share of the total number of votes in the Company.

According to the notification Kulczyk Investments S.A. currently does not hold shares in the Company and is not entitled to exercise votes in the Company. The change resulted from the disposal of shares by Kulczyk Investments S.A. on April 22, 2021.

The Company reminds that the previous information about the share held by Kulczyk Investment S.A. in the total number of votes in the Company, was provided by the Company in the current report No. 50/2020 of December 23, 2020, based on the notification prepared in line with AIM regulations. In accordance with the said information Kulczyk Investments S.A. held 90,984,765 shares authorising it to exercise 7.98% in the total number of votes in the Company.

The original notification prepared in English, published by the Company in the UK constitutes an attachment to this current report and will also be available on the Company's website: www.serinusenergy.com

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)[i]

1a. Identity of the issuer or the underlying issuer Serinus Energy plc of existing shares to which voting rights are at- LEI: 549300W183KUX62DV132 tached[ii] : 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an “X”)

An acquisition or disposal of voting rights X

An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)[iii] :

3. Details of person subject to the notification obligation[iv]

Name Kulczyk Investments S.A.

City and country of registered office (if applicable) Luxembourg

4. Full name of shareholder(s) (if different from 3.)[v]

Name

City and country of registered office (if applicable) 5. Date on which the threshold was crossed or 22 April 2021 reached[vi] : 6. Date on which issuer notified (DD/MM/YYYY): 23 April 2021

7. Total positions of person(s) subject to the notification obligation

	% of voting rights at- tached to shares (to- tal of 8. A)	% of voting rights at- tached to shares (to- tal of 8. A)	% of voting rights through financial instru- ments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer (8.A + 8.B)vii
Resulting situation
on the date on which threshold was	0%		0%	0%	0
crossed or reached

Position of previous notification (if 7.98% applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached[viii]

A: Voting rights attached to shares

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii	8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rightsix		% of voting rights
	Direct (DTR5.1)	Indirect (DTR5.2.1)	Direct (DTR5.1)	Indirect (DTR5.2.1)
JE00BF4N9R98	0		0
SUBTOTAL 8. A	0		0%

B 1: Financial Instruments according to DTR5.3.1R (1) (a)

B 1: Financial Instruments according to DTR5.3.1R (1) (a)	B 1: Financial Instruments according to DTR5.3.1R (1) (a)	B 1: Financial Instruments according to DTR5.3.1R (1) (a)	B 1: Financial Instruments according to DTR5.3.1R (1) (a)	B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial in- strument	Expiration datex	Exercise/ Conversion Periodxi	Number of voting rights that may be acquired if the instrument is exercised/converted.	% of voting rights
		SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)	B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)	B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)	B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)	B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)	B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration datex	Exercise/ Conversion Pe- riodxi	Physical or cash Settlementxii	Number of voting rights	% of voting rights
			SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer[xiii]

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity X (please add additional rows as necessary)[xiv] % of voting rights % of voting rights if it Total of both if it through financial inequals or is higher equals or is higher Name[xv] struments if it equals than the notifiable than the notifiable or is higher than the threshold threshold notifiable threshold Sebastian Kulczyk Luglio Limited Kulczyk Investments 0% 0% S.A.

10. In case of proxy voting, please identify:

Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held

11. Additional information[xvi]

Place of completion	Luxembourg
Date of completion	23 April 2021