2 August 2023

Fenikso Limited

("Fenikso" or "the Company")    

Partial Completion of Share Surrender

Fenikso Limited (AQSE: FNK) (the "Company") announces that, further to its announcement of 4 January 2023 regarding the completion of the settlement deed dated 7 December 2022 entered into by, amongst others, the Company and Lekoil Nigeria Limited ("Lekoil Nigeraia") (the "Settlement Deed"), the surrender of 106,443,637 ordinary shares held by Lekoil Nigeria to the Company for nil consideration has now been completed. The Company has agreed to extend the period during which the remaining 1,215,210 ordinary shares (the "remaining shares") that are required to be surrendered by Lekoil Nigeria in accordance with the terms of the Settlement Deed until no later than 15 December 2023.

As at the date of this announcement, the Company's issued share capital consists of 492,952,784 ordinary shares with a nominal value of US$0.00005 each, with voting rights. The Company does not hold any shares in Treasury.

Therefore, the total number of Shares in the Company with voting rights is 492,952,784. This figure may be used by Shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Company's Memorandum and Articles of Association.

The Company shall issue a further announcement following the surrender of the remaining shares. 

For further information, please visit www.feniksoltd.com or contact: