TIDMSEY

RNS Number : 1033Q

Sterling Energy PLC

23 February 2021

23 February 2021

S terling Energy p lc

Relevant changes to significant shareholders

Sterling Energy plc ('Sterling' or the 'Company') an upstream oil and gas company listed on the AIM market of the London Stock Exchange (Ticker Symbol: SEY) announces that, further to the notification made by the Company on 18 February 2021, Waterford Finance & Investment Limited ("Waterford") (an entity owned by the Kroupeev Family Trust which Michael Kroupeev, non-executive chairman is a beneficiary of) and Mistyvale Limited ("Mistyvale", together the "Significant Shareholders") have sold their shareholdings in the Company.

The holdings of Waterford and Mistyvale each constitute a significant shareholding pursuant to the AIM Rules for Companies. The Company can confirm that on 18 February 2021, Waterford and Mistyvale sold their entire shareholdings, being 64,315,517 (29.23%) ordinary shares and 34,467,790 (15.66%) ordinary shares respectively.

The Company understands that the 98,783,307 ordinary shares held by the Significant Shareholders were placed at a price of 15 pence per ordinary share to a number of institutional and high net worth investors. Following the transaction, neither Waterford nor Mistyvale hold any interest in any ordinary shares in the Company.

For furth er information c ontact:

Ticker Symbol: SEY

S terling Energy p lc + 44 (0)20 7405 4133

www.sterlingenergyplc.com

Tony Hawkins, CEO

Leo Koot, Senior Independent Director

Peel Hunt LLP (Nominated Adviser) +44 (0)20 7418 8900

Richard Crichton

David McKeown

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(END) Dow Jones Newswires

February 23, 2021 12:50 ET (17:50 GMT)

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