Notice of General Meeting

10 June 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 2014/596/EU WHICH IS PART OF DOMESTIC UK LAW PURSUANT TO THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI 2019/310) ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION (AS DEFINED IN UK MAR) IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Pennpetro Energy Plc

("Pennpetro" or the "Company")

Notice of General Meeting

Pennpetro (LSE: PPP) confirms that a General Meeting of shareholders will be held on 3 July 2025 at 11:00 a.m. at 6 Babmaes Street, London, SW1Y 6HD.

Pursuant to historical arrangements announced to shareholders of the Company on 28 March 2023 and 12 July 2023 and subsequent contributions by shareholders of the Company, the Company placed 62,633,333 existing and to be issued ordinary shares of £0.01 in the capital of the Company ("Ordinary Shares") contributed by then existing shareholders, and a lender who was due to be issued with Ordinary Shares in lieu of a debt owed to them.

The General Meeting is being called to obtain authority to issue these new Ordinary Shares. An application will be made for admission of the new Ordinary Shares to listing following the Company's Ordinary Shares return from suspension.

Copies of the General Meeting Notice and Form of Proxy will be sent to all shareholders.

-ENDS-

UK Market Abuse Regulation (UK MAR) Disclosure

Certain information contained in this announcement would have been inside information for the purposes of Article 7 of Regulation No 596/2014 (as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018) until the release of this announcement. The person responsible for arranging for the release of this announcement on behalf of Pennpetro Energy Plc is Stephen Lunn, Chairman.

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