UK17.L Regulatory News (UK17)

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

PREMIER OIL PLC

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments

X

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv

Name

The Goldman Sachs Group, Inc.

City and country of registered office (if applicable)

Corporation Trust Center, 1209 Orange Street,

Wilmington DE 19801, USA

4. Full name of shareholder(s) (if different from 3.)v

Name

Goldman Sachs International

City and country of registered office (if applicable)

Plumtree Court, 25 Shoe Lane, London EC4A 4AU,UK

5. Date on which the threshold was crossed or reachedvi:

11/05/2020

6. Date on which issuer notified (DD/MM/YYYY):

13/05/2020

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

0.02%

7.75%

7.77%

839,864,567

Position of previous notification (if

applicable)

0.02%

8.09%

8.11%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type ofshares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

GB00B43G0577

150,367

0.02%

SUBTOTAL 8. A

150,367

0.02%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expirationdatex

Exercise/Conversion Periodxi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

Securities Lending

Open

5,054,449

0.60%

SUBTOTAL 8. B 1

5,054,449

0.60%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expirationdatex

Exercise/Conversion Period xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

Refer to the annexure

SUBTOTAL 8.B.2

60,040,575

7.15%

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

X

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

The Goldman Sachs Group, Inc.

Goldman Sachs (UK) L.L.C.

Goldman Sachs Group UK Limited

Goldman Sachs

International

7.75%

7.75%

The Goldman Sachs Group, Inc.

Goldman Sachs & Co. LLC

The Goldman Sachs Group, Inc.

GSAM Holdings LLC

Goldman Sachs Asset Management, L.P.

10. In case of proxy voting, please identify:

Name of the proxy holder

N/A

The number and % of voting rights held

N/A

The date until which the voting rights will be held

N/A

11. Additional informationxvi

Please note, the total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.

General email contact:

gs-regops-emea-position-enquiries@gs.com

Place of completion

London

Date of completion

13/05/2020

Annexure

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration datex

Exercise/Conversion periodxi

Physical or cash settlementxii

Number of voting rights

% of voting rights

CFD

18/05/2029

Cash

12,854,279

1.53%

CFD

10/01/2029

Cash

8,005,456

0.95%

CFD

07/12/2029

Cash

2,551,739

0.30%

CFD

11/12/2028

Cash

2,286,724

0.27%

CFD

20/11/2028

Cash

1,811,435

0.22%

CFD

22/11/2028

Cash

1,806,767

0.22%

CFD

27/11/2028

Cash

1,752,311

0.21%

CFD

17/11/2028

Cash

1,699,458

0.20%

CFD

22/11/2028

Cash

1,659,092

0.20%

CFD

16/11/2028

Cash

1,641,919

0.20%

CFD

23/11/2028

Cash

1,514,659

0.18%

CFD

29/11/2028

Cash

1,507,929

0.18%

CFD

30/11/2028

Cash

1,418,849

0.17%

CFD

15/11/2028

Cash

1,143,079

0.14%

CFD

30/10/2028

Cash

1,087,941

0.13%

CFD

13/12/2028

Cash

1,073,855

0.13%

CFD

16/11/2028

Cash

1,051,917

0.13%

CFD

25/10/2028

Cash

983,250

0.12%

CFD

06/11/2028

Cash

975,765

0.12%

CFD

15/11/2028

Cash

900,458

0.11%

CFD

05/07/2029

Cash

852,462

0.10%

CFD

15/12/2028

Cash

835,851

0.10%

CFD

27/10/2028

Cash

820,733

0.10%

CFD

08/11/2028

Cash

820,315

0.10%

CFD

24/11/2028

Cash

794,471

0.09%

CFD

20/12/2028

Cash

767,923

0.09%

CFD

26/10/2028

Cash

759,718

0.09%

CFD

15/11/2028

Cash

720,788

0.09%

CFD

15/11/2028

Cash

684,090

0.08%

CFD

10/11/2028

Cash

594,591

0.07%

CFD

01/11/2028

Cash

564,385

0.07%

CFD

01/11/2028

Cash

492,528

0.06%

CFD

06/07/2029

Cash

483,313

0.06%

CFD

12/03/2025

Cash

434,258

0.05%

CFD

09/07/2029

Cash

373,678

0.04%

CFD

13/06/2029

Cash

273,687

0.03%

CFD

27/06/2029

Cash

263,329

0.03%

CFD

27/06/2029

Cash

257,676

0.03%

CFD

02/07/2029

Cash

250,171

0.03%

CFD

25/10/2028

Cash

194,533

0.02%

CFD

11/07/2029

Cash

188,143

0.02%

CFD

18/06/2029

Cash

171,917

0.02%

CFD

21/06/2029

Cash

146,500

0.02%

CFD

28/06/2029

Cash

119,481

0.01%

CFD

20/12/2028

Cash

113,132

0.01%

CFD

02/11/2028

Cash

87,059

0.01%

CFD

13/12/2028

Cash

60,450

0.01%

CFD

14/06/2029

Cash

55,549

0.01%

Swap

19/06/2020

Cash

48,255

0.01%

Swap

01/07/2020

Cash

41,276

0.005%

CFD

03/11/2028

Cash

32,522

0.004%

CFD

20/03/2030

Cash

10,907

0.001%

Total Number of voting rights and percentage of voting rights

60,040,575

7.15%

Additional information: Please note, total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.