AIM Rule 26 Compliance

Description of business – Advance Energy plc is a London-traded international oil & gas company. For further information, go to Operations.

For a full list of the Directors’ responsibilities, go to Corporate governance.

Given the size of the company, Mark Rollins and Graham Roger Smith sit on both the Audit and Remuneration committees but do not believe a Nomination committee is necessary. For a full description of the committees, go to Corporate governance.

Country of incorporation & main country of operation – Advance Energy plc is
incorporated in the Isle of Man and the Company’s principal countries of
operation are Indonesia & the United Kingdom. As the Company is incorporated in
the Isle of Man the rights of shareholders may be different from the rights of
shareholders in a UK incorporated company. The Company is subject to the UK city
code on Takeovers and Mergers.

For the Company’s constitutional document, go to Corporate Documents.

The Company is not listed on any other exchanges or trading platforms.

The total number of securities in issue is 1,560,636,965.

So far as the Company is aware, shares not in public hands is 44.67%

There are no restrictions on the transfer of securities.

The Company is aware of the following persons who hold, directly or indirectly, voting rights representing 3% or more of the issued share capital of the Company.

Major Shareholder Number %
Jim Nominees Limited* 537,218,239 34.42
John Geoffrey Bolitho 125,137,892 8.02
Huntress (CI) Nominees Limited* 90,289,045 5.79
Anthony John Battrick 66,666,666 4.27
Vidacos Nominess Limited 62,6868,071 4.02
Hargreaves Lansdown (Nominees) Limited 54,940,196 3.52

*As at 27 February 2020, Mr Sebastian Marr is beneficially interested in 196,448,200 ordinary shares, representing 12.59% of the issued share capital of the Company. His holding is held in the following registered holdings: 126,799,999 ordinary shares (8.12%), held via JIM Nominees (Jarvis); 57,648,201 ordinary shares, held via Vidacos Nominees Limited (IGUKCLT), (3.69%); and 12,000,000 ordinary shares, held via CGEL Nominees (0.77%).

*As at 27 February 2020, Cape Light Investments, holds 104,683,090 ordinary shares, held via JIM Nominees Limited, representing 6.71% of the Company’s issued share capital.

*As at 27 February 2020, Optiva Securities, holds 70,242,584 ordinary shares, held via JIM Nominees Limited, representing 4.50% of the Company’s issued share capital.

**As at 27 February 2020, Crossways Ato Bruschini Rats, holds 90,289,045 ordinary shares, held via Huntress (CI) Nominees Limited, representing 5.79% of the Company’s issued share capital.

Directors Shareholdings
Major Shareholder Number %
Leslie Peterkin 133,333,333 8.54
Mark Rollins 133,333,333 8.54
Ross Warner 2,052,875 0.13
Graham Smith (FIM Capital Limited, a company
in which Graham Smith is interested is the holder
of these shares).
360,000 0.0

For all of the Company’s financial information, go to Corporate Documents.

For the Company’s admission document and circulars, go to Corporate Documents.

For a full list of the Company’s announcements, go to News. In accordance with
AIM Rule 26 and Market Abuse Regulations, company announcements will be
available for a period of at least 5 years.

For the Company’s corporate governance code, go to Corporate Governance.

Nominated Adviser:
Beaumont Cornish
10th Floor
30 Crown Place
London
EC2A 4EB


Auditors and Reporting Accountants:
Lubbock Fine
65 St Paul’s Churchyard
London
EC4M 8AB


Joint Broker:
Optiva Securities Ltd
49 Berkeley Square
Mayfair
London
W1J 5AZ


Joint Broker:
Novum Securities Ltd
8-10 Grosvenor Gardens
London
SW1W 0DH


Company Secretary:
Philip Scales
FIM Capital Limited
55 Athol Street
Douglas
Isle of Man
IM1 1LA


Public & Investor Relations:
FIM Capital Limited
55 Athol Street
Douglas
Isle of Man
IM1 1LA


Registrar:
Computershare Investor Services (Jersey) Limited
Queensway House
Hilgrove Street
St Helier
Jersey
JE1 1ES
Channel Islands