Serinus Energy PLC — Major Shareholding Notification 2018

Dec 18, 2018

Current Report No. 66/2018Date: 2018-12-17Issuer'strading name: SERINUS ENERGY plc

Title:Notification of decrease of the share in the total vote inSerinus Energy plc

Legal basis: Article 70.1 of the Act on Offering - acquisition ordisposal of a significant block of shares

Content:The Management of SERINUS ENERGY plc ("Company"),informs that on December 17, 2018 it received from Quercus TowarzystwoFunduszy Inwestycyjnych S.A. notification dated December 17, 2018 filedunder Article 69 of the Act of 29 July 2005 on Public Offering,Conditions Governing the Introduction of Financial Instruments toOrganized Trading and Public Companies (hereinafter the "Act"). The textof the notification (translated from Polish original):

"Quercus Towarzystwo Funduszy Inwestycyjnych S.A., acting on behalf ofinvestment funds under management - QUERCUS Parasolowy SFIO, QUERCUSAbsolute Return FIZ, QUERCUS Absolutnego Zwrotu FIZ and QUERCUSMultistrategy FIZ ("hereinafter the "Funds") hereby issues anotification to the effect that the Funds have decreased their share inthe total vote in the company Serinus Energy plc (hereinafter the"Company") and lessened below the threshold of 5% of the total vote inthe Company.

The Funds have lessened below the threshold of 5% of the total vote inthe Company as a result of sale transaction on 14 December 2018.

According to Article 69(4)(2) of the Act, the Funds held, before thechange of the share, 11 000 519 shares of the Company representing 5.06%of the share capital of the Company. The shares held conferred 11 000519 votes at the General Meeting of the Company, representing 5.06% ofthe total vote at the General Meeting.

According to Article 69(4)(3) of the Act, the Funds hold, as at 17December 2018, 10 779 762 shares of the Company representing 4.96% ofthe share capital of the Company. The shares held confer 10 779 762votes at the General Meeting of the Company, representing 4.96% of thetotal vote at the General Meeting.

There are no subsidiaries of the Fund which would hold shares in theCompany, and neither are there any persons referred to in Article87(1)(3)(c).

According to Article 69(4)(7) of the Act, the number of votes calculatedas per Article 69b(2) of the Act, which the Funds would be eligible orobliged to acquire as holders of financial instruments referred to inArticle 69b(1)(1) of the Act and financial instruments referred to inArticle 69b(1)(2) of the Act, which are not exercised exclusivelythrough cash settlement, is equal to 0.

According to Article 69(4)(8) of the Act, the number of votes calculatedas per Article 69b(3), to which financial instruments referred to inArticle 69b(1)(2) of the Act relate directly or indirectly, is equal to0."