Block Admission Interim Review

Name of the company:

Echo Energy plc

Name of scheme:

1.Warrants to subscribe for new Ordinary Shares at a price of 3p per new Ordinary Share issued by the Company in 2017 (the "March 2017 Warrants"). The grant of the March 2017 Warrants was announced by the Company on 6 March 2017 and were granted as part of the institutional investment and Board changes described therein;

2. Options to subscribe for new Ordinary Shares at a price of 1.625p per new Ordinary Share granted by the Company to certain of the Company's employees in March 2017 (the "March 2017 Options"). The grant of the March 2017 Options to certain of the Company's employees was announced by the Company on 6 March;

3. Warrants to subscribe for new Ordinary Shares at a price of 3.0p per new Ordinary Share issued by the Company in November 2019 (the "November 2019 Warrants"). The issue of the November 2019 Warrants, which were issued in connection with the Company's €5.0 million secured debt facility put in place at that time, was first announced by the Company on 21 October 2019; and

4. Warrants to subscribe for new Ordinary Shares at a price of 1.4p per new Ordinary Share issued by the Company in March 2020 (the "March 2020 Warrants"). The issue of the March 2020 Warrants, which were issued in connection with the extension of an existing £1.0 million secured debt facility, was announced by the Company on 6 March 2020.

5. Warrants to subscribe for new Ordinary Shares at a price of 1.0p per new Ordinary Share issued by the Company in July 2020 (the "July 2020 Placing Warrants"). The issue of the July 2020 Placing Warrants, which were issued in connection with a placing of new Ordinary Shares under taken at that time, was announced by the Company on 27 July 2020.

6. Warrants to subscribe for new Ordinary Shares at a price of 0.8p per new Ordinary Share issued by the Company in July 2020 (the "July 2020 Fee Warrants"). The issue of the July 2020 Fee Warrants, which were issued in respect of fees incurred in connection with a placing of new Ordinary Shares under taken at that time, was announced by the Company on 27 July 2020.

Period of return:

From:

15 September 2020

To:

19 March 2021

Number of unallotted securities not issued under the scheme(s) at the start of the period:

1:

2:

3:

4:

5:

6:

Total:

61,538,461

3,033,628

74,200,000

3,571,428

13,300,000

5,700,000

161,343,517

Plus: The amount by which the block scheme(s) has been increased since the date of the last return (if any increase has been applied for):

1:

2:

3:

4:

5:

6:

Total:

0

0

0

0

0

0

0

Less: Number of securities issued/allotted under scheme(s) during period:

1:

2:

3:

4:

5:

6:

Total:

0

0

0

0

0

0

0

Equals: Balance under scheme(s) not yet issued/allotted at end of period:

1:

2:

3:

4:

5:

6:

Total:

61,538,461

3,033,628

74,200,000

3,571,428

13,300,000

5,700,000

161,343,517

Number and class of securities originally admitted and the date of admission:

1:

2:

3:

4:

5:

6:

Total:

64,538,461 - 2 March 2018

3,033,628 -20 March 2020

74,200,000 - 20 March 2020

3,571,428 - 20 March 2020

13,300,000 - 21 September 2020

5,700,000 - 21 September 2020

164,343,517

Name of contact:

AMBA Secretaries Limited, Company Secretary

Telephone number of contact:

+44 (0)20 7190 9930

Echo Energy

Martin Hull, Chief Executive Officer

via Vigo Communications

Cenkos Securities (Nominated Adviser)

Ben Jeynes

Katy Birkin

+44 (0)20 7397 8900

Shore Capital (Corporate Broker)

Jerry Keen

+44 (0)20 7408 4090

Vigo Communications (PR Adviser)

Patrick d'Ancona

Chris McMahon

+44 (0)20 7390 0230