12 January 2023

CRYSTAL AMBER FUND LIMITED

("Crystal Amber", the "Company", or the "Fund")

Crystal Amber withdraws requisition for general meeting of Hurricane Energy plc ("Hurricane")

On 23 December 2022, Crystal Amber Fund, the activist investment fund, announced that it had sent to the board of Hurricane a requisition notice requiring Hurricane to convene a general meeting at which resolutions would be proposed to remove executives Antony Maris and Richard Chaffe, Non-Executive Chairman, Philip Wolfe and, conditional on the appointment of Tony Buckingham and Franco Caselli, Crystal Amber nominees, David Craik, John Wright and Juan Morera, in order for Hurricane to maintain its independence ("the Requisition Notice").

Crystal Amber notes the Hurricane announcement of 11 January 2023 which provided a trading, operational, financial and formal sale process update. As a result, Crystal Amber believes that it should pause the requisition for the general meeting and has written to Hurricane withdrawing the Requisition Notice and undertaking not to resubmit a further requisition notice before 6 February 2023.

For further enquiries please contact:

Crystal Amber Fund Limited

Chris Waldron (Chairman)

Tel: 01481 742 742

www.crystalamber.com

Allenby Capital Limited - Nominated Adviser

David Worlidge/Jeremy Porter/Freddie Wooding

Tel: 020 3328 5656

Winterflood Investment Trusts - Broker

Joe Winkley/Neil Langford

Tel: 020 3100 0160

Crystal Amber Advisers (UK) LLP - Investment Adviser

Richard Bernstein

Tel: 020 7478 9080