Tomorrow, September 23, 2025, is the last day to subscribe in Zenith's offering of Swedish Depository Receipts in connection with the planned listing on Spotlight Stock Market

About this update from Zenith Energy Ltd.

ZENITH ENERGY LTDNOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, CANADA, HONG KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURE.Tomorrow, September 23, 2025, is the last day to subscribe in Zenith’s offering of Swedish Depository Receipts in connection with the planned listing on Spotlight Stock MarketTomorrow, September 23, 2025, is the last day to subscribe for Swedish Depository Receipts (“SDRs”) in Zenith Energy Ltd.’s (“Zenith” or the “Company”) (LSE: ZEN; OSE: ZENA) ongoing issue to the general public in Sweden and to institutional investors in Sweden and internationally (the “Offering”) in connection with the planned listing of SDRs on Spotlight Stock Market (“Spotlight”). Clients of nominees with custody accounts can, if applicable, subscribe for SDRs in the Offering directly through their nominee’s web services until 23:59 CEST today, September 22, 2025.On September 8, 2025, the Company announced that it had received conditional approval for listing on Spotlight and published a memorandum (the “Memorandum”) including complete terms for the Offering. The Memorandum is available on the Company's website, www.zenithenergy.ca, on Spotlight’s website, www.spotlightstockmarket.com, and on Eminova Fondkommission AB’s website, www.eminova.se. Subscription forms are available on the Company's website and on Eminova Fondkommission AB’s website.SubscriptionSubscription of SDRs is made by completing and signing the subscription form, which must be Eminova Fondkommission AB at hand no later than 15:00 CEST on September 23, 2025. Subscription can also be completed digitally with BankID on Eminova Fondkommision AB’s website, www.eminova.se.Clients of nominees with custody accounts can, if applicable, subscribe for SDRs in the Offering directly through their nominee’s webservices until 23:59 CEST today, September 22, 2025. Further information can, if applicable, be obtained from your nominee’s website.Information about the subscription procedure and the subscription form is available on Zenith’s website, www.zenithenergy.ca/investors/listing-2025, and on Eminova Fondkommission AB’s website, www.eminova.se.The ...

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