Directorate Change

Prospex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas

7 February 2023

Prospex Energy PLC

('Prospex' or the 'Company')

Board Changes

Prospex Energy PLC, the AIM-quoted investment company focused on European gas and power projects announces the resignation of Non-Executive Director, Richard Mays with immediate effect.  This decision has been made for personal reasons and as a result of other commitments.  As a founder of the company, he remains committed to the long-term prosperity of the company.

Bill Smith, Prospex's Chairman, commented:

"The Board of Prospex thanks Richard for his commitment and contribution to the Company since founding it and wish him well in his future endeavours."

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

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For further information visit www.prospex.energy or contact the following: