SERICA ENERGY PLC

Transaction in Own Shares • May 13, 2024

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RNS Number : 0665O

Serica Energy PLC

13 May 2024

Serica Energy plc

("Serica" or the "Company")

Transaction in Own Shares

London, 13 May 2024   - Serica Energy plc (the "Company") (AIM: SQZ) announces that on 10 May 2024, it purchased 432,919 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:	10 May 2024
Aggregate number of ordinary shares purchased:	432,919
Lowest price paid per share (pence per share):	183.5000
Highest price paid per share (pence per share):	186.5000
Volume weighted average price paid per share (pence per share):	185.6170

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 above, the Company will have 393,468,408 ordinary shares of US$0.10 each in issue, of which 2,679,260 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 390,789,148.

The above figure of 390,789,148 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)	185.6170	432,762	183.50	186.50
Turquoise (TRQX)	185.6000	157	185.60	185.60
Total	185.6170	432,919	183.50	186.50

Individual transactions:

Time of transaction	Price (pence per share)	Number of shares purchased	Exchange Venue
09:17:53	184.0	1,551	AIMX
09:17:53	184.0	655	AIMX
09:30:00	184.0	1,951	AIMX
09:30:00	184.0	151	AIMX
09:33:12	183.9	2,227	AIMX
09:51:52	183.5	801	AIMX
09:51:52	183.5	1,676	AIMX
09:55:11	183.5	2,490	AIMX
10:03:19	184.6	17,009	AIMX
10:30:29	185.9	627	AIMX
10:31:04	185.9	1,788	AIMX
10:31:07	185.6	949	AIMX
10:31:07	185.6	1,219	AIMX
10:33:51	185.5	2,337	AIMX
10:33:51	185.5	2	AIMX
10:35:12	186.0	100,000	AIMX
10:35:49	186.0	50,000	AIMX
10:43:14	186.0	2,148	AIMX
10:59:33	186.0	2,223	AIMX
10:59:35	185.7	1,230	AIMX
10:59:35	185.7	1,105	AIMX
11:02:48	185.6	2,000	AIMX
11:05:20	185.6	157	TRQX
11:11:55	186.0	3	AIMX
11:19:14	186.0	2,267	AIMX
11:20:10	186.0	2,421	AIMX
11:20:55	185.9	2,401	AIMX
11:25:46	185.6	670	AIMX
11:25:46	185.6	1,818	AIMX
11:41:56	185.9	2	AIMX
11:41:56	185.9	4	AIMX
11:41:56	185.9	2,555	AIMX
11:48:10	186.1	547	AIMX
11:48:10	186.1	1,843	AIMX
11:50:31	186.1	2,472	AIMX
11:50:32	185.9	2,202	AIMX
12:02:10	186.5	2,272	AIMX
12:02:21	186.3	2,276	AIMX
12:08:01	186.0	2,172	AIMX
12:10:12	186.1	141	AIMX
12:24:46	186.2	2,399	AIMX
12:25:27	186.1	2,307	AIMX
12:25:28	186.0	2,267	AIMX
12:26:08	186.0	2,547	AIMX
12:26:10	185.7	130	AIMX
12:27:12	186.0	2,144	AIMX
12:27:16	185.6	1,204	AIMX
12:27:16	185.6	659	AIMX
12:27:35	186.0	65,910	AIMX
12:52:09	185.4	50,000	AIMX
13:27:19	185.0	82,990	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 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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