Company Announcements

22^nd May 2020

STERLING ENERGY PLC

Publication of Report and Financial Statements 2019

Sterling Energy Plc ("Sterling" or the "Company"), the AIM listed oil and gas exploration company with a high potential exploration asset in Somaliland and an active strategy to deliver shareholder value through disciplined, exploration and production projects, advises that it has published its Report and Financial Statements for the year ended 31 December 2019 which, together with the Notice of the Company's Annual General meeting ("AGM") is today being made available to Shareholders. The Report and Financial Statements, and notice of AGM can be found on the Company's website, www.sterlingenergyuk.com.

The 2020 AGM will be held at High Holborn House, High Holborn, London, WC1V 6RL on 25 June 2020 at 11:00 a.m.  Shareholders are reminded that by attending the AGM they would potentially be in breach of the Government's Stay-at-home measures in relation to the Covid-19 pandemic and will therefore, unfortunately, not be admitted to the meeting.

The Company will ensure that the necessary quorum requirement is satisfied and that the resolutions set out in this Notice of AGM are proposed and voted upon. There will be no speeches, presentations or Q&A at the AGM and there will be no refreshments provided. An investor presentation will be made available on the Company's website at www.sterlingenergyuk.com  and if shareholders have any questions, they are invited to submit them by email to info@sterlingenergyuk.com by 11am on 23 June 2020 quoting their unique shareholder reference number/CREST ID. Responses to questions will be provided by email following the AGM.