Senegal update

About this update from Capricorn Energy Plc

FOR IMMEDIATE RELEASE                                                                                                            23 January 2025     Capricorn Energy PLC ("Capricorn" or the "Company")   Senegal update     Capricorn has received a payment of $50m from Woodside Energy after satisfying all terms and conditions under the sale and purchase agreement relating to the disposal of its production sharing contract (PSC) interests in Senegal.   The Company remains committed to returning any available proceeds of this contingent payment to its shareholders. The precise amount and timing of distribution remain subject to any disputed tax obligations as outlined in our half year results on 19 September 2024.     Ends     Enquiries to :   Analysts / Investors   Nathan Piper, Commercial Director Tel: 0131 475 3000   Media   Diana Milford, Corporate Affairs                      Tel: 0131 475 3000     Billy Clegg / Georgia Edmonds, Camarco Tel: 0203 757 4980       About Capricorn Energy PLC   Capricorn is a cash flow-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Egyptian Western Desert. For further information, visit www.capricornenergy.com .

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