Resignation of Auditor and Posting of Statement

20 December 2022

Enwell Energy plc
("Enwell" or the "Company")

Resignation of Auditor

and Posting of Statement of Reason to Shareholders

Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, announces that it has received notice of resignation from PricewaterhouseCoopers LLP as its Auditor.

PricewaterhouseCoopers LLP provided a statement of the reason for its decision to cease to hold office as the Company's auditor, which was that the Company no longer meets PricewaterhouseCoopers LLP's audit client acceptability criteria as a result of the imposition of the restrictive measures (sanctions) against Vadym Novynskyi, who holds a major indirect shareholding interest in the Company, as announced on 9 December 2022. A copy of this statement will be posted to shareholders as required by section 520(2) of the Companies Act 2006, and will shortly be available on the Company's website at www.enwell-energy.com.

The Company is seeking to appoint a new Auditor and a further announcement in this regard will be made in due course.

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