Company Announcements

FOR IMMEDIATE RELEASE                                                                                 11 November 2024

CAPRICORN ENERGY PLC ("Capricorn" or "the Company")

Interests of Directors / Persons Discharging Managerial Responsibility ("PDMRs")

in the Company's Shares

1.         Purchase of Partnership Shares / Award of Matching Shares under the Company's 2010 Share Incentive Plan (the "SIP")

Capricorn announces that, on 6 November 2024, the trustee (the "Trustee") of the Company's HMRC approved all-employee SIP purchased ordinary shares of ⁷⁹⁹/₁₂₂ pence each in the Company ("Ordinary Shares") in the market at a price of £2.1278 per Ordinary Share on behalf of participants in the "Partnership Share" element of the SIP using deductions made from their gross salary.

Capricorn also announces that, on 6 November 2024, awards of further Ordinary Shares were made to the participants under the "Matching Share" element of the SIP on the basis of two free Matching Shares for every one Partnership Share purchased. The Ordinary Shares used to satisfy these awards were previously purchased in the market.

Details of the PDMR who participated in the purchase / award are as follows:

In accordance with the rules of the SIP, Partnership and Matching Shares are initially held by the Trustee on the participants' behalf and, in the case of Matching Shares, must normally remain so held throughout a period of five years from the date of award. 

2.            Summary of current holdings of PDMR

Following this announcement, Nathan Piper's beneficial interests in the Shares of the Company are as follows:

* This column includes all outstanding awards that have vested following the expiry of the applicable performance period, regardless of whether or not they are currently capable of being exercised under the rules of the 2017 LTIP.

The following notifications are intended to satisfy the Company's obligations under Article 19(3) of EU Regulation No 596/2014 as it forms part of domestic law by virtue of the European (Withdrawal) Act 2018.