Exercise of Share Options

Enteq Upstream plc

("Enteq" or the "Company")

Exercise of share options

Enteq, the oil and gas drilling technology Company, announces that on 15 March 2018 it issued and allotted 120,000 new ordinary shares of 1p each ("Ordinary Shares") to an employee of the Company in response to an exercise of share options. The issue price was 13.75p, being the share price when the options were issued.

Application has been made for the 120,000 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 21 March 2018. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 62,137,656. There are no shares held in treasury. The figure of 62,137,656 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interests in, or a change to their interests in, the share capital of Enteq under the Disclosure and Transparency Rules.

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