Postponement of Detailed Operational Update

Capricorn Energy PLC ("Capricorn" or the "Company")

Postponement of Detailed Operational Update

Capricorn announces the postponement of its Detailed Operational Update previously planned for 30 November 2023. This is due to a number of factors including completing the required technical and commercial work to provide a comprehensive and detailed portfolio update. The Company will announce a rescheduled date in early 2024. Capricorn continues to hold constructive discussions with the Egyptian General Petroleum Company and our Joint Venture partner on activities in 2024.

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About Capricorn Energy PLC

Capricorn is an Egypt-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Western Desert.

For further information on Capricorn please see: www.capricornenergy.com