SERICA ENERGY PLC

Transaction in Own Shares • May 2, 2024

National Storage Mechanism | Additional information

RNS Number : 9103M

Serica Energy PLC

02 May 2024

Serica Energy plc

("Serica" or the "Company")

Transaction in Own Shares

London, 2 May 2024   - Serica Energy plc (the "Company") (AIM: SQZ) announces that on 1 May 2024, it purchased 382,672 ordinary shares of US$0.10 each in the Company on the London Stock Exchange through Peel Hunt LLP, in accordance with the terms of its share buyback programme announced on 24 April 2024 (the "Buyback Programme"). The shares purchased will be held in treasury.

Name of issuer:	Serica Energy plc
ISIN:	GB00B0CY5V57
Date of purchase:	1 May 2024
Aggregate number of ordinary shares purchased:	382,672
Lowest price paid per share (pence per share):	184.5500
Highest price paid per share (pence per share):	186.5000
Volume weighted average price paid per share (pence per share):	184.8099

This announcement is prepared on a trade basis. It is expected that the shares purchased will be delivered to the Company within two working days. The total voting rights referred to below is prepared on a settlement basis.

Following the purchase, the Company will have 393,468,408 ordinary shares of US$0.10 each in issue, of which 1,246,279 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 392,222,129.

The above figure of 392,222,129 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Peel Hunt LLP as part of the Buyback Programme.

Aggregate daily information

Trading Venue	Volume-weighted average price per share (pence)	Aggregated volume	Lowest price per share	Highest price per share
AIM (AIMX)	184.8058	380,433	184.56	186.50
Turquoise (TRQX)	185.5000	2,239	185.50	185.50
Total	184.8099	382,672	184.55	186.50

Individual transactions:

Time of transaction	Price (pence per share)	Number of shares purchased	Exchange Venue
09:40:34	185.60	10,000	AIMX
10:03:53	185.60	419	AIMX
10:03:53	185.60	1,100	AIMX
10:03:53	185.60	775	AIMX
10:18:52	186.20	260	AIMX
10:18:52	186.20	386	AIMX
10:18:52	186.20	1,852	AIMX
10:29:31	186.50	1,087	AIMX
10:29:31	186.50	1,100	AIMX
10:33:46	186.30	2,476	AIMX
10:34:01	186.20	9	AIMX
10:34:01	186.20	2,491	AIMX
10:36:41	186.10	1,588	AIMX
10:36:41	186.10	910	AIMX
10:38:50	185.90	2,220	AIMX
10:38:50	185.90	136	AIMX
10:40:17	185.80	2,383	AIMX
10:57:26	185.80	2,472	AIMX
11:42:48	185.80	1,361	AIMX
11:42:48	185.80	1,100	AIMX
11:43:01	185.50	2,239	TRQX
11:43:02	185.20	2,170	AIMX
11:43:09	185.00	1,984	AIMX
11:43:09	185.00	141	AIMX
11:43:36	184.70	2,107	AIMX
11:43:46	184.70	1,074	AIMX
11:44:31	184.70	867	AIMX
11:44:42	184.80	873	AIMX
11:44:45	184.80	704	AIMX
11:45:06	184.80	326	AIMX
11:45:06	184.80	568	AIMX
11:45:48	184.60	1,266	AIMX
11:45:48	184.60	887	AIMX
11:46:54	184.80	739	AIMX
11:46:54	184.80	321	AIMX
11:46:54	184.80	1,100	AIMX
11:51:58	184.60	1,398	AIMX
11:58:25	184.80	1,042	AIMX
11:58:25	184.80	1,100	AIMX
12:00:46	184.90	2,213	AIMX
12:10:09	184.80	608	AIMX
12:10:09	184.80	1,490	AIMX
12:10:51	184.90	658	AIMX
12:40:16	185.00	100,000	AIMX
12:55:09	184.55	31,336	AIMX
12:55:17	184.55	70,000	AIMX
12:55:46	184.55	30,000	AIMX
12:58:06	184.55	91,336	AIMX

Enquiries:

Serica Energy plc	+44 (0)20 7390 0230
David Latin (Chairman and Interim CEO) / Martin Copeland (CFO) / Stephen Lambert (VP Legal and External Relations)
Peel Hunt (Nomad & Joint Broker)	+44 (0)20 7418 8900
Richard Crichton / David McKeown / Georgia Langoulant
Jefferies (Joint Broker)	+44 (0)20 7029 8000
Sam Barnett / Will Soutar
Vigo Consulting (PR Advisor)	+44 (0)20 7390 0230
Patrick d'Ancona / Finlay Thomson	serica@vigoconsulting.com

NOTES TO EDITORS

Serica Energy is a British independent oil and gas exploration and production company with a portfolio of UKCS assets.

Serica has a balance of gas and oil production. The Company is responsible for about 5% of the natural gas produced in the UK, a key element in the UK's energy transition.

Serica's producing assets are focused around two main hubs: the Bruce, Keith and Rhum fields in the UK Northern North Sea, which it operates, and a mix of operated and non-operated fields tied back to the Triton FPSO. Serica also has operated interests in the producing Columbus (UK Central North Sea) and Orlando (UK Northern North Sea) fields and a non-operated interest in the producing Erskine field in the UK Central North Sea.

Serica's has a two-pronged strategy for growth comprising investment in its existing portfolio and M&A.

Further information on the Company can be found at www.serica-energy.com . The Company's shares are traded on the AIM market of the London Stock Exchange under the ticker SQZ and the Company is a designated foreign issuer on the TSX. To receive Company news releases via email, please subscribe via the Company website.

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