Enteq Tech Regulatory News (NTQ)

Enteq Upstream plc

("Enteq" or the "Company")

Issue of shares

Enteq, the oil and gas drilling technology Company, announces that on 20 June 2016 it issued and allotted 261,380 new ordinary shares of 1p each ("Ordinary Shares") to the Directors and various senior managers at the Company in compensation for cash salary foregone in respect of the period 1 December 2015 to 30 May 2016, at a price of 12.4p per new Ordinary Share.

The new Ordinary Shares issued to the Directors were as follows:

Application has been made for the 261,380 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 24 June 2016. Following the above issue of new Ordinary Shares the number of Ordinary Shares (each carrying one vote) in issue is 59,962,003. There are no shares held in treasury. The figure of 59,962,003 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interests in, or a change to their interests in, the share capital of Enteq under the Disclosure and Transparency Rules.

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