Caspian Sunrise PLC

("Caspian Sunrise", or the "Company")

Second Monthly Dividend Declaration

The Board of Caspian Sunrise is pleased to announce that the Company's December dividend, its second monthly dividend, will total £1 million (approximately $1.21 million) and will be paid as follows:

Dividend:                      0.0444 pence/share

Ex-Dividend Date:       15 December 2022

Record Date:                16 December 2022

Payment Date:             16 January 2023

Shareholders are reminded that payment of the Company's maiden dividend, the November dividend, will be made on 16 December 2022.

Details on how shareholders may elect to receive dividends can be access on the Company's website on the following link: www.caspiansunrise.com/investors/dividends.

Contacts

Caspian Sunrise PLC

Clive Carver

Executive Chairman                                                                                        +7 727 375 0202

WH Ireland, Nominated Adviser & Broker

James Joyce                                                                                                     +44 (0) 207 220 1666

James Bavister

Andrew de Andrade

This announcement has been posted to: www.caspiansunrise.com/investors

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the “UK MAR”) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company’s obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.