Vesting and Awards of Restricted Shares

6 December 2024 - Singapore: Jadestone Energy plc (AIM:JSE) ("Jadestone" or the "Company"), an independent upstream production company focused on the Asia-Pacific region, announces that the Company has issued 43,655 Ordinary Shares of £0.01 each in connection with the restricted shares award which vested and were announced on 5 December 2024. An application has been made to the London Stock Exchange for these 43,655 Ordinary Shares to be admitted to trading on AIM. It is expected that admission will become effective, and that dealings will commence, at 8.00 a.m. GMT on 11 December 2024.

Total Voting Rights

Following admission of the Ordinary Shares referenced above, the Company will have 541,110,799 Ordinary Shares of £0.001 par value each in issue, and no Ordinary Shares in treasury. Therefore, the total voting rights in the Company will be 541,110,799.

This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Awards of Restricted Shares

Following the announcement of 5 December 2024, the Company has proposed to award restricted shares with a three-year vesting period to Dr Adel Chaouch, the Executive Chairman, and Andrew Fairclough, Executive Director and Chief Financial Officer. Both individuals, as persons discharging managerial responsibilities, are recipients of these restricted shares awards in connection with their appointments. The FCA notifications, made in accordance with the requirements of the UK Market Abuse Regulation are appended below and give further details on the transaction.

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

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About Jadestone Energy

Jadestone Energy plc is an independent upstream company focused on the Asia-Pacific region. It has a balanced and increasingly diversified portfolio of production and development assets in Australia, Malaysia, Indonesia, Thailand and Vietnam, all stable jurisdictions with a positive upstream investment climate.

The Company is pursuing a strategy to grow and diversify the Company's production base both organically, through developments such as at Akatara in Indonesia, Nam Du/U Minh in Vietnam and the PNLP Cluster offshore Malaysia, as well as through acquisitions that fit within Jadestone's financial framework and play to the Company's strengths in managing maturing oil assets. Jadestone delivers value in its acquisition strategy by enhancing returns through operating efficiencies, cost reductions and increased production through further investment.

Jadestone is a responsible operator and well positioned for the energy transition through its increasing gas production, by maximising recovery from existing brownfield developments and through its Net Zero pledge on Scope 1 & 2 GHG emissions from operated assets by 2040. This strategy is aligned with the IEA Net Zero by 2050 scenario, which stresses the necessity of continued investment in existing upstream assets to avoid an energy crisis and meet demand for oil and gas through the energy transition.

Jadestone Energy plc (LEI: 21380076GWJ8XDYKVQ37) is listed on the AIM market of the London Stock Exchange (AIM: JSE).  The Company is headquartered in Singapore.  For further information on the Company please visit www.jadestone-energy.com.

The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018.