Jadestone Energy Regulatory News (JSE)

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Cedric Fontenit

2.

Reason for the notification

a)

Position/status:

Non-executive Director

b)

Initial notification/Amendment

Initial notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Jadestone Energy Inc.

b)

LEI:

254900E4GCXW63X26Q32

4.

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument:

Identification code:

Financial instrument linked to a share being units in a fund managed by Tyrus Capital S.A.M. ("Fund") holding an interest in the common shares of Jadestone Energy Inc.

ISIN: CA46989Q1000

b)

Nature of the transaction:

Acquisition of 443.5565 units in the Fund holding an interest in the common shares of Jadestone Energy Inc.

c)

Price(s) and volume(s):

443.5565 units in the Fund, at nil cost

d)

Aggregated information:

·; Aggregated volume:

·; Price:

443.5565 units in the Fund

Nil

e)

Date of the transaction:

February 1, 2020

f)

Place of the transaction

Outside a trading venue

Jadestone Energy Inc.

+65 6324 0359 (Singapore)

Paul Blakeley, President and CEO

+1 403 975 6752 (Canada)

Dan Young, CFO

ir@jadestone-energy.com

Robin Martin, Investor Relations Manager

Stifel Nicolaus Europe Limited (Nomad, Joint Broker)

+44 (0) 20 7710 7600 (UK)

Callum Stewart

Nicholas Rhodes

Ashton Clanfield

BMO Capital Markets Limited (Joint Broker)

+44 (0) 20 7236 1010 (UK)

Thomas Rider

Jeremy Low

Thomas Hughes

Camarco (Public Relations Advisor)

+ 44 (0) 203 757 4980 (UK)

Billy Clegg

jadestone@camarco.co.uk

James Crothers