Serinus Energy PLC — Major Shareholding Notification 2021

Apr 23, 2021

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)ⁱ

tachedii:	1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at	Serinus Energy plc
	1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer
	2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
	An acquisition or disposal of financial instruments
	An event changing the breakdown of voting rights
Other (please specify)iii:
	3. Details of person subject to the notification obligationiv
Name		Quercus Towarzystwo Funduszy Inwestycyjnych S.A.
	City and country of registered office (if applicable)	Warsaw, Poland
4. Full name of shareholder(s) (if different from 3.)v
Name
	City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reachedvi:			22 April 2021
6. Date on which issuer notified (DD/MM/YYYY):			23 April 2020
7. Total positions of person(s) subject to the notification obligation
	% of voting rights at tached to shares (to tal of 8. A)		% of voting rights through financial instru ments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights of is suervii
Resulting situation on the date on which threshold was crossed or reached	6,29%			6,29%	1,140,660,629

Position of previous notification (if	5,82%	5,82%	1,140,660,629
applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of shares ISIN code (if possible)	Number of voting rightsix		% of voting rights
	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)	Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)	Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
JE00BF4N9R98		71,730,366		6.29%
SUBTOTAL 8. A	71,730,366		6.29%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial in strument	Expiration datex	Exercise/ Conversion Periodxi	Number of voting rights that may be acquired if the instrument is exercised/converted.	% of voting rights
		SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex	Exercise/ Conversion Pe riod xi	Physical or cash settlement xii	Number of voting rights	% of voting rights
			SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)
Namexv	% of voting rights % of voting rights if it Total of both if it through financial in equals or is higher equals or is higher struments if it equals than the notifiable than the notifiable or is higher than the threshold threshold notifiable threshold
Quercus Towarzystwo Funduszy Inwestycyj nych S.A.	6.29		6.29
QUERCUS Absolute Re turn FIZ	6.29		6.29
QUERCUS Multistrategy FIZ	6.29		6.29
QUERCUS Parasolowy SFIO	6.29		6.29

10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held

11. Additional informationxvi

Place of completion	Warsaw, Poland
Date of completion	23 April 2021