Result of Annual General Meeting

26 June 2023

Echo Energy plc

("Echo" or the "Company")

Result of Annual General Meeting

Echo Energy plc, the Latin American focused upstream energy company, announces that it held its Annual General Meeting ("AGM") earlier today, at which all the Resolutions were passed.

The proxy votes received from Shareholders were as follows: 

 A "Vote withheld" is not a vote in law and is not counted in the calculation of the percentage of shares voted "For" or "Against" any resolution. 

Accordingly, the Company's shareholders have approved the Disposal, the Capital Reorganisation and the issue of the Subscription Shares.

Application has been made for admission of the New Ordinary Shares following the Capital Reorganisation to trading on AIM which is expected to become effective at 8.00 am on 27 June 2023.

Following admission of the New Ordinary Shares to trading on AIM, the Company's issued ordinary share capital will comprise 5,560,618,550 ordinary shares of 0.0001 pence each, none of which are held in treasury. Therefore, the total number of ordinary shares with voting rights in Echo following admission will be 5,560,618,550.

The Company will provide further information in respect to the completion of the Disposal and the timing of the admission of the Subscription Shares in due course.

Capitalised terms used in this announcement have the meanings given to them in the circular of the Company dated 2 June 2023 unless the context provides otherwise.

For further information please contact: