Serinus Energy PLC — Major Shareholding Notification 2021

Apr 27, 2021

Current Report No.14/2021Date: 2021-04-27Issuer's tradingname: SERINUS ENERGY plc

Title:Holding in the Company

Legal basis: Article 70(1) of the Act on Public Offering (...) -acquisition 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 KulczykInvestments S.A. a notification dated April 22, 2021 prepared on thebasis of Art. 69 (1)(2) of the Act of 29 July 2005 on Public Offering,the Conditions Governing the Introduction of Financial Instruments toOrganised Trading, and on Public Companies, reading as follows:

"As required under Art. 69(1)(2) of the act of 29 July 2005 on PublicOffering, the Conditions Governing the Introduction of FinancialInstruments to Organised Trading, and on Public Companies (consolidatedtext Journal of Laws of 2018 No. 512) (the "Act"), Kulczyk InvestmentsS.A. hereby informs about change of its up-to-date direct share in thetotal number of votes in Serinus Energy plc (the "Company") shareholdersmeeting.

In connection with a series of share sale transactions concluded byKulczyk Investments S.A. on the trading system on 22 April 2021 thedirect share of Kulczyk Investments S.A. in the total number of votesdecreased below 5% (in words: five percent) and now amounts to 0% (inwords: zero percent).

Immediately prior to the conclusion of the aforesaid transactions,Kulczyk Investments S.A. directly held 79,984,765 (in words: seventynine million nine hundred eighty four thousand seven hundred sixty five)shares in the Company, constituting 7.01% (in words: seven and onehundredth percent) of the total number of votes on the Company'sshareholders meeting authorising to exercise 79,984,765 (in words:seventy nine million nine hundred eighty four thousand seven hundredsixty five) votes on the Company's shareholders meeting, constituting7.01% (in words: seven and one hundredth percent) of the total number ofvotes on the Company's shareholders meeting.

As a result of the aforesaid sale transactions Kulczyk Investments S.A.does not hold (directly or indirectly) shares in the Company or votes onthe Company's shareholders meeting.

As required under Art. 69 (4)(5) of the Act, Kulczyk Investments S.A.informs that no subsidiary of Kulczyk Investments S.A. holds shares inthe Company.

As required under Art. 69 (4)(6) of the Act, Kulczyk Investments S.A.informs that no person with whom Kulczyk Investment S.A. has concludedan agreement transferring the right to exercise the voting rightsexists.

As required under Art. 69 (4)(7) of the Act, Kulczyk Investments S.A.informs that the number of votes calculated in line with Art. 69b (2) ofthe Act, to the acquisition of which Kulczyk Investments S.A. would be(directly or indirectly) entitled or obliged as a holder of financialinstruments referred to in Art. 69b (1)(2) of the Act, which areexecuted solely by way of pecuniary settlement is 0 (in words: zero).

As required under Art. 69 (4)(8) of the Act, Kulczyk Investments S.A.informs that prior to the conclusion of the aforesaid transactions,Kulczyk Investments S.A. held directly 706,528 (in words: seven hundredsix thousand five hundred and twenty-eight) subscription warrants, whichmay be exercised until 16 May 2021 by cash payment, with each warrantauthorizing Kulczyk Investments S.A. to purchase 1 (in words: one)normal share for £ 0.105 per share. In the event of exercise of thesewarrants, Kulczyk Investments S.A. would purchase directly 706,528 (inwords: 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."