Share purchase and share option agreement between Zenith Pure Oil and MUFG Securities EMEA Plc.

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

Zenith Pure Oil has entered into a share purchase and a share option agreement with MUFG Securities EMEA Plc. (“MUFG”) on 6 November 2017. As a result of this transaction, MUFG owns a total number of 4,894,187 Zenith Pure Oil Series “A” Ordinary shares. Under the share option agreement Zenith Pure Oil has an American call option and MUFG a European put option in relation to such shares. Both options mature in one year. The strike price for both the call and the put options is EUR 10.3000 per share.