Scirocco Energy Regulatory News (SCIR)

27 July 2021

Scirocco Energy plc

("Scirocco" or the "Company")

Helium One Limited - Investment Update

Scirocco Energy (AIM: SCIR), the AIM investing company targeting attractive assets within the European sustainable energy and circular economy markets, announces that, further to its Helium One Limited ('Helium One') notification on 18 May 2021, Scirocco has sold a further 5,300,000 ordinary shares in Helium One since that date, for proceeds of c. £1.22 million. Additionally, the Company has also exercised the 1 million share options (with strike price US$0.035) that it held over Helium One's share capital.

Following the above transactions, Scirocco's holding in Helium One is 5,256,088 ordinary shares, which represents c. 0.85% of Helium One's currently issued share capital.

In aggregate, Scirocco has realised c. £3.28 million in proceeds from its sale of Helium One shares since Helium One was admitted to trading on AIM.

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This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933 (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States. The securities may not be offered or sold in the United States, except pursuant to an applicable exemption from or in a transaction not subject to the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. No public offering of the securities is being made in the United States.