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Serinus Energy PLC Director's Dealing 2022

May 31, 2022

5809_rns_2022-05-31_908bdeb5-2ec4-4abd-8ab7-98075273aa62.pdf

Director's Dealing

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31 May 2022

Press Release

Director/PDMR Purchase of Shares

Jersey, Channel Islands, 31 May 2022 -- Serinus Energy plc ("the Company") has been informed that Stuart Morrison, Chief Operating Officer of the Company, purchased on 30 May 2022 an aggregate of 75,675 Ordinary Shares in the Company at an average price of 12.95 pence per Ordinary Share. Following the purchase, Mr. Morrison's total shareholding in the Company comprises 127,088 Ordinary Shares, representing 0.111% per cent of the Issued Share Capital of the Company.

About Serinus

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Serinus is an international upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania.

For further information, please refer to the Serinus website (www.serinusenergy.com) or contact the following:

Serinus Energy plc
Jeffrey Auld, Chief Executive Officer
Andrew Fairclough, Chief Financial Officer
Calvin Brackman, Vice President, External Relations & Strategy
+44 204 541 7859
Shore Capital (Nominated Adviser & Joint Broker)
Toby Gibbs / John More (Corporate Advisory)
+44 207 408 4090
Arden Partners plc (Joint Broker)
Ruari McGirr (Corporate Finance)
Alexandra Campbell-Harris (Corporate Finance)
+44 207 614 5900
Camarco (Financial PR - London)
Owen Roberts
Phoebe Pugh
+44 203 781 8334
TBT i Wspólnicy (Financial PR - Warsaw)
Katarzyna Terej
+48 602 214 353

Translation: This news release has been translated into Polish from the English original.

Forward-looking Statements This release may contain forward-looking statements made as of the date of this announcement with respect to future activities that either are not or may not be historical facts. Although the Company believes that its expectations reflected in the forward-looking statements are reasonable as of the date hereof, any potential results suggested by such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors that could impair or prevent the Company from completing the expected activities on its projects include that the Company's projects experience technical and mechanical problems, there are changes in product prices, failure to obtain regulatory approvals, the state of the national or international monetary, oil and gas, financial , political and economic markets in the jurisdictions where the Company operates and other risks not anticipated by the Company or disclosed in the Company's published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties and actual results may vary materially from those expressed in the forward-looking statement. The Company undertakes no obligation to revise or update any forward-looking statements in this announcement to reflect events or circumstances after the date of this announcement, unless required by law.

1 Details of the person discharging managerial responsibilities / person closely
associated Reason for the notification
a) Name Stuart Morrison
2 Reason for the notification
a) Position/status Chief Operating Officer
b) Initial notification
/Amendment
Initial Notification
3 Details of the issuer, emission allowance market participant, auction platform,
auctioneer or auction monitor
a) Name Serinus Energy Plc
b) LEI 549300W183KUX62DVI32
4 Details of the transaction(s): section to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each date; and (iv) each place where transactions
have been conducted
a) Description of the
financial instrument,
type of instrument
Identification
code
Ordinary Shares of no par value
JE00BNNMKT29
b) Nature of the transaction Purchase of Ordinary Shares
c) Price(s) and
volume(s)
PDMR Stuart Morrison Volume
75,675
Strike price (GBP)
£0.1295
d) Aggregated
information
-
Aggregat
PDMR Volume Total aggregate value
at strike price (GBP)
ed volume Stuart Morrison 75,675 £9,799.91
-
Price
e) Date of the 30 May 2022

transaction
f) Place of the
transaction
AIM