27 January 2026

Pennpetro Energy Plc

("Pennpetro" or the "Company")

Appointment of Non-Executive Director

Pennpetro Energy plc, the company focused on developing strategic traditional and transition energy projects, is delighted to announce the appointment of the highly experienced Sergiy Lesyk as an independent Non-Executive Director of the Company with immediate effect.

Sergiy has over 25 years of experience in the international financial services sector, including wealth management, corporate finance, and investment banking. He is currently Director of Research and Analytics at FTSE Russell, a subsidiary of the London Stock Exchange Group.

Previous roles include Head of Representative Office at UBS AG, representing the largest Wealth Manager in Ukraine, and Head of Research at Millennium Capital. Sergiy is a chartered certified accountant, having started his career at Price Waterhouse in 1994, and graduating from the London School of Economics.

Sergiy's arrival will see the Company create a committee structure to support the Board and management as we enhance and bolster corporate governance ahead of returning to trading on the London Stock Exchange. This will include remuneration, audit, and sustainability committees.

Richard Spinks, Executive Chairman of Pennpetro Energy said: "I am delighted to be able to welcome Sergiy onto our board. He brings a depth of financial and corporate governance expertise to the Board which the Company expects will significantly improve Pennpetro's profile with regards to Compliance and its dealings with the London Stock Exchange, the FCA and investors in the Company. Along with his London market connections, Sergiy's understanding of the Ukrainian market, complements our existing CEO's and strengthens the connection between London and Ukraine greatly. I am sure that this will give shareholders great confidence in our capabilities in Ukraine at all levels of society.

I look forward to working with him as we embark on this new chapter for the Company, both as an independent voice on our board and in his new role as Chair of the remuneration, audit and sustainability committees of the Company. This will ensure we are able to continue progressing, and growing the business with confidence that the mistakes of the past are not able to occur again."

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