Tomco Energy Regulatory News (TOM)

28 July 2020

TOMCO ENERGY PLC

 ("TomCo" or the "Company")

Exercise of Warrants

TomCo Energy plc (AIM: TOM), the oil shale exploration, development and technology group focused on using innovative technology to unlock unconventional hydrocarbon resources, announces that it has received notice of exercise of warrants to subscribe for a total of 4,500,000 new ordinary shares of no par value each in the capital of the Company ("Ordinary Shares") (the "New Ordinary Shares"). The New Ordinary Shares are being issued at a price of 0.8 pence per share, for a total consideration to the Company of £36,000, and relate to warrants issued as part of the Company's placing, announced on 2 July 2020.

The New Ordinary Shares will rank pari passu with the existing Ordinary Shares and application will be made for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the New Ordinary Shares will commence at 8.00 a.m. on 31 July 2020.

Total Voting Rights

Upon Admission, the Company's issued share capital will consist of 673,634,235 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 673,634,235. With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

TomCo Energy plc

Stephen West (Chairman) / John Potter (CEO) +44 (0)20 3823 3635

Strand Hanson Limited (Nominated Adviser)

James Harris / Richard Tulloch / Jack Botros +44 (0)20 7409 3494

Turner Pope Investments (TPI) Limited (Joint Broker)

Andy Thacker / Zoe Alexander +44 (0)20 3657 0050

Novum Securities Limited (Joint Broker)

Charlie Brook-Partridge +44 20 7399 9402

IFC Advisory Limited (Financial PR)

Tim Metcalfe / Graham Herring +44 20 3934 6630

For further information, please visit www.tomcoenergy.com

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No 596/2014.