Kistos plc

("Kistos" or the "Company")

Appointment of Directors

Board Changes

Kistos (LSE: KIST), the low carbon intensity energy producer pursuing a strategy to acquire assets with a role in energy transition is pleased to announce that Peter Mann and Richard Slape are being appointed to the board of directors with immediate effect. Peter Mann is appointed as Chief Executive Officer and Richard Slape as Chief Financial Officer of the Company.

Following these additions to the Board, Andrew Austin, founder of Kistos, revert to his previous role as Executive Chairman (in place of the current Interim Chairman Richard Benmore) and will step down as Interim CEO. Richard Benmore will re-assume his role as a Non-Executive Director of the Company alongside Julie Barlow and Alan Booth.

Positions of the board of directors:

Peter Mann was CEO and Managing Director of RockRose from 2017 until 2021 following five years in the UK onshore oil and gas industry. During this period, Peter was responsible for business strategy and implementing a restructuring strategy in the difficult oil price environment at the time. Prior to joining the oil and gas industry, Peter's career included various management roles. He also served in the British Army for six years.

Richard Slape was CFO of RockRose from 2019 until 2021. Richard has over 30 years of experience working with oil and gas exploration and production companies. He spent much of his career working in equity capital markets but also held roles at Rockhopper Exploration and Lansdowne Oil & Gas, where he was a director.

Commenting, Andrew Austin, Kistos' Interim CEO, said:

"I am pleased to announce that Peter and Richard have agreed to join the Kistos plc Board as CEO and CFO respectively. Their appointments will allow me to resume my previous role of Executive Chairman and I want to thank Richard Benmore for acting as Interim Independent Non-Executive Chairman over the last five months. As a team, we will continue to evaluate opportunities to grow the business while adding value for Kistos' shareholders."

Peter Mann

Peter George Mann (aged 41) owns 1,264,516 ordinary shares in the Company (representing 1.53% interest in the Company's issued ordinary shares). Mr Mann has confirmed that there is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.

Current Directorship

Peak Carbon Forest and Peatland Ltd

Previous Directorship (within 5 years)

Strae Capital Ltd

Richard Slape

Richard Slape (aged 55) owns 129,032 ordinary shares in the Company (representing [0.16%] interest in the Company's issued ordinary shares). Mr Slape has confirmed that there is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.

Current Directorship

Hopton Petroleum Ltd

Previous Directorships (within 5 years)

None

ENDS

Enquiries:

Notes to editors

Kistos plc was established to acquire and manage companies in the energy sector engaging in the energy transition trend. The Company has acquired Tulip Oil Netherlands B.V., which has a portfolio of assets, including profitable, highly cash generative natural gas production, plus appraisal and exploration opportunities. The Company has 19.5 mmboe of 2P reserves and an additional 102.1 mmboe of contingent resources.

Kistos is a low carbon producer. The Q10-A gas field in the Dutch North Sea (60% operated working interest) has recorded a Scope 1 carbon emissions intensity of 13g CO₂e/boe since inception. This compares to an industry average of 22kg CO₂/boe for gas extracted from the UK continental shelf.  The Q10-A normally unmanned installation is located approximately 20 km from the Dutch shore. It is powered sustainably via wind and solar power and is remotely operated, limiting offshore visits, which are conducted by boat.

https://kistosplc.com/