AIM RULE 26 COMPLIANCE

The following information is disclosed in accordance with Rule 26 of the AIM Rules as at 18/03/2020:

Description of the business

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

Names of directors and biographical details

For a full list of Directors, go to Board & Management.

Directors’ responsibilities

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 and main country of operation

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.

Current constitutional documents

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

Details of any other exchanges or trading platforms

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

Number of securities in issue

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

Number of securities not in public hands

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

Details of any restrictions on the transfer of securities

There are no restrictions on the transfer of securities.

Significant shareholders

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 NOMINEES LIMITED	62,686,071	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	SHARES	%
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

Financial information

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

Admission document and circular

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

Notifications

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.

Corporate governance

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

Advisors

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 5AZJoint 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