No intention to make an offer for Deltic Energy

The 'No intention to make an offer for Deltic Energy' announcement released on 19 May 2026 at 07.00am under RNS No 8026E should have been linked to Deltic Energy plc.

The announcement text is unchanged and is reproduced in full below.

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 THAT JURISDICTION

THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")

FOR IMMEDIATE RELEASE

19 May 2026

Capricorn Energy PLC ("Capricorn Energy")

No intention to make an offer for Deltic Energy plc ("Deltic")

Further to its announcement of 22 April 2026, and the announcement made by NEO NEXT+ ENERGY UPSTREAM UK LIMITED ("NEO NEXT+") under Rule 2.7 of the Code on 7 May 2026, Capricorn Energy confirms that it does not intend to make an offer for Deltic.

This is a statement to which Rule 2.8 of the Code applies. Accordingly, Capricorn Energy (and any person acting in concert with it) will, except with the consent of the Panel, be bound by the restrictions set out in Rule 2.8 of the Code.

Capricorn Energy reserves the right to set the restrictions in Rule 2.8 aside in the following circumstances: (i) with the agreement of the board of Deltic; (ii) if a third party announces a firm intention to make an offer for Deltic, including either of Petrogas International E&P Coöperatief U.A., a subsidiary of Mohammed Al Barwani LLC, or Blue Concept Hld AS; (iii) if Deltic announces a Rule 9 waiver or a reverse takeover; or (iv) if there has been a material change of circumstances (as determined by the Panel).

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Disclaimer

Canaccord Genuity Limited ("Canaccord Genuity"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for Capricorn Energy and no-one else in connection with the matters described in this announcement and will not be responsible to anyone other than Capricorn Energy for providing the protections afforded to clients of Canaccord Genuity nor for providing advice in relation to the subject matter of this announcement. Neither Canaccord Genuity nor any of its affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Canaccord Genuity in connection with this announcement, any statement contained herein or otherwise.