Amendment of strike prices under share option agreements

Zenith Pure Oil Plc. (“Zenith Pure Oil”) hereby notifies the market of the following:

Based on the share option agreement related to 30,742,366 Series “A” Zenith Pure Oil Ordinary shares, concluded on 20 June 2023 with UniCredit Bank AG, the strike price for both the call and the put options has been amended to EUR 6.53559 per share.

Based on the share option agreement related to 30,927,069 Series “A” Zenith Pure Oil Ordinary shares, concluded on 20 June 2023 with ING Bank N.V., the strike price for both the call and the put options has been amended to EUR 6.9416 per share.

The amendment does not trigger any movement in treasury shares, Zenith Pure Oil owns 27,536,736 Series "A" and 578 Series "C" Zenith Pure Oil Ordinary shares.