Suspension of Trading

29 June 2023

Echo Energy plc

("Echo" or the "Company")

Suspension of trading on AIM pending publication of 2022 Annual Report & Accounts

Echo Energy plc, the Latin American focused upstream energy company, provides the following update in relation to its Annual Report and Financial Statements for its financial year ended 31 December 2022 (the "2022 Annual Report").

As stipulated by Rule 19 of the AIM Rules for Companies (the "AIM Rules"), the Company is required to publish its 2022 Annual Report by 30 June 2023. However, the Company's auditors have requested additional time beyond the originally planned timetable to complete their audit.

Accordingly, the Company is targeting the publication of the 2022 Annual Report during July 2023 once the auditor has completed its processes.

As a result, trading in the Company's ordinary shares on AIM will be suspended with effect from 7.30 a.m. on 3 July 2023 pending publication of the 2022 Annual Report.

Suspension from trading will be lifted with the publication of the 2022 Annual Report in due course.

Notwithstanding the temporary suspension of trading in the Company's ordinary shares, the Company will continue to make announcements as and when there are any developments that require announcement in accordance with its obligations under the AIM Rules.

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