Serinus Energy PLC — Remuneration Information 2020

Oct 7, 2020

Current Report No. 22/2020Date: 2020-10-07Issuer'strading name: SERINUS ENERGY plcTitle:Issue of SalarySacrifice Shares - Directors HoldingsLegal basis:Other regulations

Content:In view of the requirement of Article 62.8 of the Actof 29 July 2005 on Public Offering [...], considering that the shares ofSERINUS ENERGY plc ("Company") are listed on AIM in the UK, theManagement of the Company informs that it has published outside theRepublic of Poland information that further to the Executive SalaryReductions news releases of 27 April 2020 and 2 July 2020 (WSE currentreports 11/2020 and 17/2020), the Company has issued 512,083 ordinaryshares ("Salary Sacrifice Shares") to the Executive Directors under thesalary sacrifice scheme for the period from 30 June 2020 to 30 September2020, the details of which are set out below. The reduction in salariesand fees was introduced due to the economic environment created by theimpact of COVID-19 and compounded by low commodity prices. The SalarySacrifice Shares were issued at a price of 5.858 pence which has beendetermined by dividing the gross amount of salary deducted by the volumeweighted average of the middle market quotations for one Ordinary Sharefor the 90 days ending on 30 September 2020.

The details are as follow:

Jeffrey AuldNumber of Salary Sacrifice Shares: 298,715Totalnumber of ordinary shares now held in the Company: 557,166Percentageinterest in the Company's Ordinary Shares: 0.232%

Andrew FaircloughNumber of Salary Sacrifice Shares 213,368Totalnumber of ordinary shares now held in the Company: 382,121Percentageinterest in the Company's Ordinary Shares: 0.159%

Application has been made to the London Stock Exchange for the SalarySacrifice Shares, which will rank pari passu with the Company's existingordinary shares, to be admitted to trading on AIM. Dealings are expectedto commence at 8.00 a.m. on 9 October 2020.

Following the issue of the New Ordinary Shares, the Company will have239,798,375 ordinary shares in issue with no shares held in treasury.This is the total number of voting rights in the Company and may be usedby shareholders as the denominator for the calculations by which theydetermine if they are required to notify their interest in, or change totheir interest in, the Company under the Financial Conduct Authority'sDisclosure Guidance and Transparency Rules and under Polish regulations- Act on Public Offering, Conditions Governing the Introduction ofFinancial Instruments to Organized Trading and Public Companies.

The attachment to this current report contains text of the originalpress release in English, which has been filed by the Company in the UKand will also be available on Company's website: www.serinusenergy.com