Serinus Energy PLC — Major Shareholding Notification 2020

Dec 21, 2020

Current Report No. 40/2020Date: 2020-12-21Issuer'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 18 December 2020 it received the notificationprovided by Canaccord Genuity Group Inc. (Vancouver, Canada) andprepared under AIM regulations (UK), informing about exceeding of thethreshold of 10% in the total vote in the Company, which took place on17 December 2020.

According to the notification the Canaccord Genuity Group Inc. currentlyholds 107,047,185 shares of the Company, representing 10.4158% of thetotal vote. Canaccord Genuity Group Inc. held, before the change of theshare, shares representing 9.87% of the total vote in the Company. Thechange in the percentage of shares held is due entirely to participationin the placing by Serinus, the shares from which were admitted to AIM on17 December 2020.

The Company reminds that previous information on Canaccord Genuity GroupInc. holding in Seinus has been disclosed in WSE current report No.5/2020 of 14 February 2020.

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