Appointment of Board Director

1 May 2026

Pennpetro Energy Plc

("Pennpetro" or the "Company")

Appointment of Board Director

Pennpetro Energy plc (PPP), the company focused on developing strategic energy projects, is pleased to announce the appointment of Justin Fraser Jones as Non-Executive Director of the Company with immediate effect. Mr Jones brings over 30 years' experience in governance, risk management, regulatory compliance and forensic investigation, including a distinguished senior career in UK law enforcement specialising in financial crime, anti-money laundering and complex investigations. Mr Jones's appointment further strengthens the independent oversight and governance capability of the Pennpetro board.

About Justin Fraser Jones

Justin Fraser Jones (age 63) is a Chartered Management Institute qualified senior leader with over 30 years' experience in governance, risk management, regulatory compliance, financial oversight and strategic delivery, with deep expertise in forensic investigation, financial crime and board-level advisory services.

Mr Jones is a former Detective Chief Inspector and Senior Investigating Officer with Hertfordshire Constabulary (1982 to 2012), where he led major investigations into serious organised crime, money laundering and fraud, with full accountability for governance, evidence integrity, risk management and regulatory compliance. He holds specialist expertise in anti-money laundering, the Regulation of Investigatory Powers, Human Rights legislation and data protection, and was awarded both a Judge's Commendation and a Chief Constable's Commendation during his service.

Since leaving the police service, Mr Jones has built a portfolio of board and consultancy roles. He is currently a director and shareholder of Deuce Consultancy Limited, through which he provides forensic investigation, strategic advisory and corporate governance services to commercial clients.

Richard Spinks, Executive Chairman of Pennpetro, said: "I am delighted to welcome Justin to the Pennpetro board. I have known and worked with Justin for around ten years and his independent forensic, governance and risk credentials are exceptional. He has most recently provided independent forensic advisory services to the Company through his consultancy, Deuce Consultancy Limited, and that work has given him a detailed working knowledge of Pennpetro's affairs and of the operational matters we have been addressing in the United States.

"As Pennpetro continues to strengthen its governance framework, Justin's independent perspective, his three decades of experience at the most senior level in financial crime and regulatory compliance, and his proven track record in board-level advisory work will be of considerable value to the Company and to its shareholders. The board looks forward to working with him."

Existing relationship with the Company

As referenced above, Mr Jones is a director and shareholder of Deuce Consultancy Limited, which has provided forensic investigation and advisory services to the Company. The Company and Mr Jones have given full consideration to the existing relationship and are satisfied that Mr Jones is able to bring independent judgement to the affairs of the Company. Mr Jones will declare and manage any specific conflicts of interest as and when they arise, in accordance with his duties as a director and the Company's conflicts of interest policy.

There is no additional information required to be disclosed pursuant to UK Listing Rule 6.4.8 in relation to the appointment of Mr Jones.

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