Energean plc

("Energean" or the "Company")

Temporary suspension of production from the Energean Power FPSO

London, 2 March 2026 - Energean plc (LSE: ENOG, TASE: אנאג) confirms that it received notice from the Ministry of Energy and Infrastructure on 28 February 2026 ordering the temporary suspension of production and activities of the Energean Power FPSO, following the recent geopolitical escalation in the region.

The safety of Energean's staff is our top priority. Energean maintains a close dialogue with the Ministry of Energy and Infrastructure and other relevant stakeholders to facilitate the safe resumption of production as soon as possible.

Further updates will be provided as they become available.

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Forward looking statements

This announcement contains statements that are, or are deemed to be, forward-looking statements. In some instances, forward-looking statements can be identified by the use of terms such as "projects", "forecasts", "on track", "anticipates", "expects", "believes", "intends", "may", "will", or "should" or, in each case, their negative or other variations or comparable terminology. Forward-looking statements are subject to a number of known and unknown risks and uncertainties that may cause actual results and events to differ materially from those expressed in or implied by such forward-looking statements, including, but not limited to: general economic and business conditions; demand for the Company's products and services; competitive factors in the industries in which the Company operates; exchange rate fluctuations; legislative, fiscal and regulatory developments; political risks; terrorism, acts of war and pandemics; changes in law and legal interpretations; and the impact of technological change. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company undertakes no obligation to update or revise publicly any forward looking statements, whether as a result of new information, future events or otherwise. The information contained in this announcement is subject to change without notice.