Notification of Major Interest in Shares

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Caspian Sunrise PLC ("Caspian Sunrise" or the "Company")

formerly Roxi Petroleum Plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Yes

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Sector Omega AS acting as a discretionary investment manager to underlying funds of Sector Investment Funds plc; Sector Expec and Sector Spesit IV

4. Full name of shareholder(s) (if different from 3.):iv

Sector Expec, subfund of Sector Investment Funds plc, and Sector Spesit IV, subfund of Sector Investment Funds plc.

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

1st of June 2017

6. Date on which issuer notified:

1st of June 2017

7. Threshold(s) that is/are crossed orreached: vi, vii

3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B1WOVW36

34735470

34735470

34735470

34735470

-

2.08%

-

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

34735470

2.08%

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will ceaseto hold:

N/A

12. Date on which proxy holder will cease to holdvoting rights:

N/A

13. Additional information:

14. Contact name:

Inger-Anne Vikre

15. Contact telephone number:

+47 23 01 29 53

Note: Annex should only be submitted to the FCA not the issuer

Annex: Notification of major interests in share

A: Identity of the persons or legal entity subject to the notification obligation

Full name

(including legal form of legal entities)

Sector Omega AS acting as a discretionary investment manager to underlying funds of Sector Investment Funds plc; Sector Expec and Sector Spesit IV

Contact address

(registered office for legal entities)

Filipstad brygge 2 P.O Box 1994 Vika,

0125 Oslo, Norway

Phone number & email

+47 23 01 29 00, [email protected]

Other useful information

(at least legal representative for legal persons)

B: Identity of the notifier, if applicable

Full name

Sector Omega AS acting as a discretionary investment manager to underlying funds of Sector Investment Funds plc; Sector Expec and Sector Spesit IV

Contact address

Filipstad brygge 2 P.O Box 1994 Vika,

0125 Oslo, Norway

Phone number & email

+47 23 01 29 00, [email protected]

Other useful information

(e.g. functional relationship with the person or legal entity subject to the notification obligation)

C: Additional information