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16 March 2026

Ascent Resources plc

("Ascent" or the "Company")

Grant of Share Options / PDMR Notification

Ascent Resources Plc (LON: AST), the onshore US focused oil and gas company, announces that it has granted options over a total of 30,000,000 ordinary shares of £0.005 each in the Company ("Ordinary Shares"), including 15 million to the Non Executive Chairman and 15 million to a Non Executive Director, under individual share option agreements.

The options have an exercise price of 0.65 pence per Ordinary Share and will vest in three approximately equal tranches on 12 March 2027, 12 March 2028 and 12 March 2029, subject to continued service (or accelerated vesting in the case of a good leaver cessation, including death). Each tranche has an exercise period of five years from its vesting date.

The options are not subject to performance conditions beyond continued service, but have an exercise price at a premium to the current share price which aligns the interests of the directors with those of shareholders as the share price is likely to be a proxy for operational performance.

Notifications have been made in accordance with the requirements of the UK Market Abuse Regulation and are set out below.

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