Total Voting Rights and Warrant Update

PREMIER OIL PLC(the "Company")

Total Voting Rights and Warrant Update

As at 31 January 2021, Premier Oil plc's issued share capital consisted of 925,532,676 Ordinary Shares of 12.5 pence with voting rights. Premier Oil plc does not hold any shares in Treasury.

The figure of 925,532,676 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Premier Oil plc under the FCA's Disclosure and Transparency Rules.

To date, the Company has allotted 42,953,804 Ordinary Shares as a result of the exercise of equity warrants, representing 4.64% per cent of the Company's enlarged share capital.

As at 31 January 2021, 19,732,020 warrants have been exercised on a cashless basis and a further 35,381,203 warrants have been exercised in cash.

For further information please contact:

Philip Ryan

Premier Oil plc

02078241150

1 February 2021