Serinus Energy PLC — Major Shareholding Notification 2020

Dec 23, 2020

Current Report No. 48/2020Date: 2020-12-23Issuer'strading name: SERINUS ENERGY plc

Title:Holding in Company

Legal basis: Article 70(1) of the Act on Offering - acquisition ordisposal of a significant block of shares

Content:According to Article 70(1) of the Act on PublicOffering [...] the Management of SERINUS ENERGY plc ("Company" or"Serinus") informs that on 22 December 2020 it received the notificationprovided by Canaccord Genuity Group Inc. (Vancouver, Canada) andprepared under AIM regulations (UK), informing about a decrease of theshare in the total vote in the Company below the threshold of 10%, whichtook place on 21 December 2020.

The change of the share is related to an increase in the total number ofCompany shares following admission of EBRD shares to trading on AIM onDecember 21st, 2020 (WSE current report No. 41/2020). Prior to thechange, Canaccord Genuity Group Inc. held 107,047,185 Serinus shares,representing 10.4158% of total voting rights in the Company. Accordingto the notification, Kulczyk Investments S.A. currently holds sharesrepresenting 9.3847% of total voting rights in the Company.

Full chain of controlled undertakings through which above mentionedvoting rights are effectively held by Canaccord Genuity Group Inc.includes: Canaccord Genuity Group Inc., Canaccord Genuity Wealth GroupHoldings Limited, Canaccord Genuity Wealth Group Holdings (Jersey)Limited, Canaccord Genuity Wealth Group Limited and Hargreave Hale Ltd.

The attachment to this current report contains the text of the originalnotification in English, which has been filed by the Company in the UKand will also be available on the Company's website:www.serinusenergy.com