Serinus Energy PLC — Major Shareholding Notification 2021

Apr 27, 2021

Current Report No. 15/2021Date: 2021-04-27Issuer'strading name: SERINUS ENERGY plc

Title:Holding in the Company

Legal basis: Article 70(1) of the Act on Public Offering (...) -acquisiton or disposal of a significant block of shares

Content:The Management of Serinus Energy plc (the "Company")informs that on April 23, 2021 the Company received from Mr SebastianKulczyk a notification dated April 22, 2021 prepared on the basis ofArt. 69 (1)(2) in connection with the Art. 69a (1)(3) of the Act of 29July 2005 on Public Offering, the Conditions Governing the Introductionof Financial Instruments to Organised Trading, and on Public Companies,reading as follows:

"As required under Art. 69(1)(2) in connection to Art. 69a(1)(3) of theact of 29 July 2005 on Public Offering, the Conditions Governing theIntroduction of Financial Instruments to Organised Trading, and onPublic Companies (consolidated text Journal of Laws of 2018 No. 512)(the "Act"), Sebastian Kulczyk hereby informs about change of hisup-to-date indirect (via his subsidiary Kulczyk Investments S.A.) sharein the total number of votes in Serinus Energy plc (the "Company")shareholders meeting.

In connection with a series of share sale transactions concluded byKulczyk Investments S.A. on the trading system on 22 April 2021 theshare in the total number of votes held indirectly (via KulczykInvestments S.A.) by Sebastian Kulczyk decreased below 5% (in words:five percent) and now amounts to 0% (in words: zero percent).

Immediately prior to the conclusion of the aforesaid transactions,Sebastian Kulczyk held indirectly (via Kulczyk Investments S.A.)79,984,765 (in words: seventy nine million nine hundred eighty fourthousand seven hundred sixty five) shares in the Company, constituting7.01% (in words: seven and one hundredth percent) of the total number ofvotes on the Company's shareholders meeting authorising to exercise79,984,765 (in words: seventy nine million nine hundred eighty fourthousand seven hundred sixty five) votes on the Company's shareholdersmeeting, constituting 7.01% (in words: seven and one hundredth percent)of the total number of votes on the Company's shareholders meeting.

As a result of the aforesaid sale transactions Sebastian Kulczyk doesnot hold (directly or indirectly) shares in the Company or votes on theCompany's shareholders meeting.

As required under Art. 69 (4)(5) of the Act, Sebastian Kulczyk informsthat no subsidiary of his holds shares in the Company.

As required under Art. 69 (4)(6) of the Act, Sebastian Kulczyk informsthat no person with whom he has concluded an agreement transferring theright to exercise the voting rightsexists.

As required under Art. 69 (4)(7) of the Act, Sebastian Kulczyk informsthat the number of votes calculated in line with Art. 69b (2) of theAct, to the acquisition of which he would be (directly or indirectly)entitled or obliged as a holder of financial instruments referred to inArt. 69b (1)(2) of the Act, which are executed solely by way ofpecuniary settlement is 0 (in words: zero).

As required under Art. 69 (4)(8) of the Act, Sebastian Kulczyk informsthat prior to the conclusion of the aforesaid transactions, he heldindirectly (via Kulczyk Investments S.A.) 706,528 (in words: sevenhundred six thousand five hundred and twenty-eight) subscriptionwarrants, which may be exercised until 16 May 2021 by cash payment, witheach warrant authorizing Kulczyk Investments S.A. to purchase 1 (inwords: one) normal share for £ 0.105 per share. In the event of exerciseof these warrants by Kulczyk Investments S.A., Sebastian Kulczyk wouldpurchase indirectly (via Kulczyk Investments S.A.) 706,528 (in words:seven hundred six thousand five hundred and twenty-eight) shares,authorizing to exercise 706,528 (in words: seven hundred six thousandfive hundred and twenty-eight) votes on the Company's shareholdersmeeting. The above has not changed as a result of the transactions ofsale of the Company's shares by Kulczyk Investments S.A."