Delayed Notifications of Major Interest in Shares

Sterling Energy plc

Tel: +44 20 7405 4133

Eskil Jersing

Peel Hunt LLP

Tel: +44 20 7418 8900

Richard Crichton

Ross Allister

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

Sterling Energy Plc.

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

ü

Other (please specify):

3. Full name of person(s) subject to the notification obligation: iii

YF Finance Limited

4. Full name of shareholder(s)

(if different from 3.):iv

See above

5. Date of the transaction and date on

which the threshold is crossed or reached: v

6 April 2016

6. Date on which issuer notified:

15 April 2016

7. Threshold(s) that is/are crossed or reached: vi, vii

More than 15%

  8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of

shares

if possible using the ISIN CODE

Situation previous

to the triggering transaction

Resulting situation after the triggering transaction

Number

of Shares

Number

of Voting Rights

Number

of shares

Number of voting

rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B4X3Q493

26,387,105

26,387,105

33,637,105

33,637,105

15.286%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial

instrument

Expiration

date xiii

Exercise/

Conversion Period xiv

Number of voting

rights that may be acquired if the instrument is exercised/ converted.

% of voting

rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

xv, xvi

Resulting situation after the triggering transaction

Type of financial

instrument

Exercise

price

Expiration

date xvii

Exercise/

Conversion period xviii

Number of voting rights

instrument refers to

% of voting rights xix,

xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

33,637,105

15.286%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

  Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will cease to hold:

12. Date on which proxy holder will cease to hold voting rights:

13. Additional information:

14. Contact name:

Jamii Quoc, General Counsel

15. Contact telephone number:

+852 2239 5300

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

STERLING ENERGY PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to the notification obligation: iii

EXPLORATION CAPITAL PARTNERS 2008, LP

4. Full name of shareholder(s)

(if different from 3.):iv

EXPLORATION CAPITAL PARTNERS 2008, LP

5. Date of the transaction and date on which the threshold is crossed or reached: v

APRIL 8, 2016

6. Date on which issuer notified:

APRIL 14, 2016

7. Threshold(s) that is/are crossed or reached: vi, vii

0 ( PERCENT)

  8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of

shares

if possible using the ISIN CODE

Situation previous

to the triggering transaction

Resulting situation after the triggering transaction

Number

of Shares

Number

of Voting Rights

Number

of shares

Number of voting

rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B4X3Q493

6,871,638

6,871,638

0

0

0

0

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial

instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting

rights that may be acquired if the instrument is exercised/ converted.

% of voting

rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial

instrument

Exercise

price

Expiration date xvii

Exercise/

Conversion period xviii

Number of voting rights

instrument refers to

% of voting rights xix,

xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

0

0

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi

  Proxy Voting:

10. Name of the proxy holder:

EXPLORATION CAPITAL PARTNERS 2008, LP

11. Number of voting rights proxy holder will cease to hold:

6,871,638

12. Date on which proxy holder will cease to hold voting rights:

4/8/16

13. Additional information:

14. Contact name:

GRETCHEN CARTER

15. Contact telephone number:

760-444-5280