Serinus Energy PLC — Major Shareholding Notification 2021

Jun 18, 2021

Current Report No. 27/2021Date: 2021-06-18Issuer'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:The Management of SERINUS ENERGY plc, informs that on17 June 2021 it received from Quercus Towarzystwo FunduszyInwestycyjnych S.A. the notification dated on the same day, filed underArticle 69 of the Act of 29 July 2005 on Public Offering, ConditionsGoverning the Introduction of Financial Instruments to Organized Tradingand Public Companies (hereinafter the "Act"). The text of thenotification (translated from Polish original):

"Quercus Towarzystwo Funduszy Inwestycyjnych S.A., acting on behalf ofinvestment fund under management - QUERCUS Parasolowy SFIO (hereinafterthe "Fund") hereby issues a notification to the effect that the Fundtogether raised their share in the total vote in the Serinus Energy plc(hereinafter the "Company") and exceeded the threshold of 5% of thetotal vote in the Company.

The Fund has changed its previous share in the total vote in the Companyas a result of transaction on AIM (UK) on 11 June 2021.

According to Article 69(4)(2) of the Act, the Fund held, before thechange of the share, 55 265 408 shares of the Company representing 4.85%of the share capital of the Company. The shares held conferred 55 265408 votes at the General Meeting of the Company, representing 4.85% ofthe total vote at the General Meeting.

According to Article 69(4)(3) of the Act, the Fund holds, as at 14 June2021, 58 465 408 shares of the Company representing 5.13% of the sharecapital of the Company. The shares held confer 58 465 408 votes at theGeneral Meeting of the Company, representing 5.13% of the total vote atthe 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 Fund 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."