ZEPHYR ENERGY PLC

Declaration of Voting Results & Voting Rights Announcements • Jan 29, 2021

National Storage Mechanism | Additional information

RNS Number : 3958N

Zephyr Energy PLC

29 January 2021

Zephyr Energy plc

(the "Company" or "Zephyr")

Exercise of warrants and change to total voting rights

Zephyr Energy plc (AIM: ZPHR), the Rocky Mountain oil and gas company focused on responsible resource development, announces that it has received notice of exercise for warrants (issued in November 2019) ("Warrants") to subscribe for 3,340,909 new ordinary shares of 0.1 pence each ("New Ordinary Shares") in the Company at a price of 2 pence per Ordinary Share.

Application will be made for the 3,340,909 New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 3 February 2021.

Upon Admission, the Company's issued share capital will consist of 709,421,105 Ordinary Shares with one voting right each. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares and voting rights in the Company will be 709,421,105.  With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Contacts:

Zephyr Energy plc Colin Harrington (CEO) Chris Eadie (CFO)	Tel: +44 (0)20 7225 4590
Allenby Capital Limited - AIM Nominated Adviser Jeremy Porter / Liz Kirchner	Tel: +44 (0)20 3328 5656
Turner Pope Investments - Broker Andy Thacker / Zoe Alexander	Tel: +44 (0)20 3657 0050
Flagstaff Strategic and Investor Communications Tim Thompson / Mark Edwards / Fergus Mellon	Tel: +44 (0) 20 7129 1474

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