Statement regarding Recent market commentary

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement, this information is now considered to be in the public domain.

Cabot Energy Plc

("Cabot Energy" or "the Company")

Recent market commentary

Cabot Energy (AIM: CAB), the AIM quoted oil and gas company focused on production led growth balanced with high impact exploration and appraisal opportunities notes a recent web article relating to the Company. The Board confirms that it is in discussions with shareholders and new investors with a view to raising up to £15 million in equity capital at a price of between 5.0 pence and 5.5 pence per ordinary share. Such funds will be raised through a placing of new ordinary shares in the Company and through an Open Offer to all shareholders, which will be on the same financial terms as the placing. The funds raised will be used primarily to increase the production of the Company's oil and gas development assets in Canada.

There can be no guarantee that any equity capital raising will proceed or the terms upon which such raising would proceed. A further announcement will be made as and when appropriate.

-Ends-

For further information please contact:

Note to Editors:

Cabot Energy is an oil and gas company focused on production led growth. The Company is undertaking a redevelopment and production project in north west Alberta and has a broader portfolio of exploration and appraisal opportunities in countries of relatively low political risk, primarily Italy. Comprehensive information on Cabot Energy and its oil and gas operations, including press releases, annual reports and interim reports are available from Cabot Energy's website: www.cabot-energy.com