Zephyr Energy Regulatory News (ZPHR)

10 February 2022

Zephyr Energy plc

("Zephyr" or the "Company")

Result of General Meeting and Total Voting Rights

Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations, is pleased to announce that at the Company's General Meeting held earlier today, all resolutions were duly passed with over 99 per cent. of the votes submitted in favour of the resolutions.

Accordingly, pursuant to the Placing announced on 26 January 2022 and the result of the Broker Option announced on 28 January 2022, the Second Placing Shares and Broker Option Shares are expected to be admitted to trading on AIM tomorrow, Friday, 11 February 2022 ("Second Admission") to complete the Placing and Broker Option.

Details of the Placing were announced by Zephyr on 26 January 2022 and defined terms used in this announcement have the same meaning as those set out in that announcement.

It is anticipated that as a result of completion of the Placing, the Acquisition, details of which were announced on 22 November 2021 and 26 January 2022, will complete on or before 18 February 2022. A further announcement will be made in this regard.

Total voting rights

Following Second Admission, the Company's issued share capital will consist of 1,560,746,001 ordinary shares, with one voting right per share. 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 1,560,746,001 from Second Admission. This figure of 1,560,746,001 ordinary shares 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 in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please visit https://www.zephyrplc.com/ or contact:

Contacts: