NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.

THIS IS AN ANNOUNCEMENT AND NOT A CIRCULAR OR PROSPECTUS OR EQUIVALENT DOCUMENT AND INVESTORS AND PROSPECTIVE INVESTORS SHOULD NOT MAKE ANY INVESTMENT DECISION ON THE BASIS OF ITS CONTENTS. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, ANY OFFER, INVITATION OR RECOMMENDATION TO PURCHASE, SELL OR SUBSCRIBE FOR ANY SECURITIES IN ANY JURISDICTION AND NEITHER THE ISSUE OF THE INFORMATION NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF OR BE RELIED UPON IN CONNECTION WITH, OR ACT AS AN INDUCEMENT TO ENTER INTO, ANY INVESTMENT ACTIVITY.

CAPRICORN ENERGY PLC ("Capricorn")

Publication of Prospectus and Notice of General Meeting

CAPRICORN ENERGY PLC (LON: CNE) is pleased to confirm that the Financial Conduct Authority (the "FCA") has today approved Capricorn's combined prospectus and shareholder circular (the "Combined Document") in relation to its proposed combination with NewMed Energy Limited Partnership ("NewMed") (TLV: NWMD) (the "Combination"). The Combined Document will be sent or made available to Capricorn's shareholders shortly.

The Combined Document contains further information on the Combination and a notice convening a general meeting of Capricorn's shareholders at The Sheraton Grand Hotel, 1 Festival Square, Edinburgh EH3 9SR at 9.00 a.m. on 1 February 2023 (the "General Meeting") to consider and approve the Combination.

The Combined Document will shortly be submitted to the FCA's National Storage Mechanism (the "NSM") and will be available for inspection on the NSM's website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The Combined Document  will also be available on Capricorn's website at www.capricornenergy.com.

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