Issuance of Share Options

FOR IMMEDIATE RELEASE

20 February 2025

Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas

LEI 213800L7QXFURBFLDS54

Predator Oil & Gas Holdings Plc

("Predator" or the "Company" and together with its subsidiaries the "Group")

                                           Issuance of Share Options

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term hydrocarbon operations focused on Morocco and Trinidad, advises of the issuance of the following options over new Ordinary Shares:

Issuance of Options to Directors:

The Board's Remuneration Committee has resolved to make an award of 45,000,000 unallocated share options under the Company's existing option scheme:

1.     Dr. Stephen Boldy    Non-executive director and Chairman :  7,500,000 options

2.     Mr Paul  Griffiths      Chief Executive and director:                  18,500,000 options

3.     Mr Alistair Jury         Non-executive director                              7,500,000 options

4.     Mr Carl Kindinger     Non-executive director                              7,500,000 options

5.     Mr Geoffrey Leid      Director                                                      4,000,000 options    

 All the above share options are exercisable at 5.5p per share

The vesting conditions and phased vesting dates are as follows:

·      25% of the award on commencement of MOU-5 drilling

·      25% of the award after 9 months or on announcement of the completion of the acquisition of Challenger Energy Group Plc's  Trinidad & Tobago companies, whichever occurs first

·      25% of award after 6 months or announcement of positive MOU-3 testing results, whichever occurs first

·      25% of award on announcement of achieving 500boe/pd net to Predator in Trinidad.

For further information visit www.predatoroilandgas.com

Follow the Company on X @PredatorOilGas.

This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse.

For more information please visit the Company's website atwww.predatoroilandgas.com:

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