TIDMBEY

RNS Number : 5881J

Barryroe Offshore Energy PLC

13 December 2022

Barryroe Offshore Energy P.l.c.

Exercise of Warrants

Dublin and London - 13 December 2022 - Barryroe Offshore Energy P.l.c. ("Barryroe" or the "Company"), announces that 862,020 warrants of 1.5p each have been exercised raising GBP12,930.30 for the Company. The warrants were issued as part of the fundraising in June 2022. Barryroe Offshore Energy Plc has issued a total of 862,020 new Ordinary Shares (the "New Ordinary Shares") to the warrant holders.

Application will be made to the London Stock Exchange and Euronext Dublin for the New Ordinary Shares to be admitted to trading on AIM and Euronext Growth. It is expected that admission to trading on each exchange ("Admission") will become effective and that dealings in the New Ordinary Shares will commence on AIM and Euronext Growth at 8.00 a.m. on 16 December 2022.

The New Ordinary Shares will be issued and credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after the admission of those Ordinary Shares and will otherwise rank on Admission pari passu in all respects with each other and with the existing Ordinary Shares in the Company. The total issued share capital of the Company, as increased by the New Ordinary Shares, will be 1,072,725,432 Ordinary Shares.

There remains 96,774,989 GBP0.015 warrants from the June 2022 fundraising outstanding which will expire on the 26(th) July 2023.

INVESTOR ENQUIRIES:

   Barryroe Offshore Energy P.l.c.                                Tel: +353 1 219 4074

Alan Curran

Chief Executive

   Investor Relations                                                       Tel: + 353 1 219 4074

Job Langbroek

   J & E Davy                                                                     Tel: +353 1 679 6363

Anthony Farrell

MEDIA ENQUIRIES

   AM O'Sullivan PR                                                         Tel: +353 87 9881890 / tina@amosullivanpr.ie

Tina Quinn

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December 13, 2022 11:08 ET (16:08 GMT)

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