Posting of Circular and Notice of General Meeting

22 January 2020

PRESIDENT ENERGY PLC

("President" or the "Company")

Posting of Circular and Notice of General Meeting

President announces that the Circular as referenced in the announcement dated 20 January 2020, was posted to shareholders on 21 January 2020 together with a notice of a General Meeting ("GM") which is to be held on 6 February 2020 at 11:00 a.m at FieldFisher LLP, Riverbank House, 2 Swan Lane, London EC4R 3TT.

Copies of the Circular and notice of GM are available from the Company's website, www.presidentenergyplc.com and from the Company's registered office 1200 Century Way, Thorpe Park Business Park, Leeds, LS15 8ZA. For further information, please refer to the Company's website or contact:

Notes to Editors

President Energy is an oil and gas company listed on the AIM market of the London Stock Exchange (PPC.L) primarily focused in Argentina, with a diverse portfolio of operated onshore producing and exploration assets.

The Company has operated interests in Puesto Flores, Estancia Vieja, Puesto Prado, Angostura and Las Bases, Rio Negro Province and in the Puesto Guardian Concession, in the Noroeste Basin in NW Argentina. Alongside this, President Energy has cash generative production assets in Louisiana, USA and further significant exploration and development opportunities through its acreage in Paraguay and Argentina.

The Group is also actively pursuing value accretive acquisitions of high-quality production and development assets in Argentina capable of delivering positive cash flows and shareholder returns. With a strong institutional base of support, including the IFC, part of the World Bank Group, an in-country management team as well as a Board whose interests are aligned to those of its shareholders, President Energy gives UK investors rare access to the Argentinian growth story combined with world class standards of corporate governance, environmental and social responsibility.

This announcement contains inside information for the purposes of article 7 of Regulation 596/2014