FOR IMMEDIATE RELEASE

19 August 2026

Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas

Predator Oil & Gas Holdings Plc

("Predator" or the "Company")

Issue of Equity

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey-based Oil and Gas Company with producing hydrocarbon operations and exploration activity focussed on Trinidad and Morocco, announces that it has issued 3,866,090 new ordinary shares ("Shares") to Paul Griffiths, Chief Executive Officer.

Background

Mr Griffiths is currently owed £323,785 arising from the capitalisation of his loans in May 2023.  This amount remains recognised as a current liability within trade and other payables in the Company's audited financial statements for the year ended 31 December 2025 and is payable in cash upon either a flow rate of 1 million cubic feet of gas per day being achieved from any Guercif well or a flow rate of 100 bopd being achieved from any participating Trinidad well.

Amended Terms

The Remuneration Committee of the Company has recommended that settling part of the liability in Shares would preserve the Company's cash resources and reduce the liability by the value of the Shares issued. Consequently it was agreed that:

a)   40% of the existing liability, being £129,514, be settled through the issue of Shares to Mr Griffiths at the closing mid-market price on 17 August 2026; and

b)   The remaining 60%, being £194,271, will become payable upon the earlier of an announcement that either a stabilised flow rate of greater than 3 million cubic feet of gas per day has been achieved from MOU-6 or a stabilised oil rate of greater than 200 bopd has been achieved from Snowcap-3.

Issue of Shares

The Company has issued Mr Griffiths with 3,866,090 Shares at a price of 3.35 pence per Share.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for admission to trading of the Shares ("Admission") and it is expected that Admission will become effective at 8.00 a.m. on or around 25 August 2026.

The rights attaching to the Shares will be uniform in all respects and the Shares will rank pari passu with the existing issued shares of no par value in the Company.

Following Admission, the Company will have 904,438,190 ordinary shares of no par value in issue, each with one vote per share (and none of which are held in treasury). This figure of 904,438,190 may be used by shareholders in the Company as the denominator for calculations to determine if they have a notifiable interest in the share capital of the Company under the Disclosure Guidance and Transparency Rules, or if such interest has changed.

Follow the Company on X @PredatorOilGas.

This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse.

For more information please visit the Company's website at www.predatoroilandgas.com: 

Enquiries:

Notes to Editors:   

Predator is an oil & gas company with a portfolio of assets including unique and highly prospective onshore Moroccan gas exposure and production, appraisal and exploration projects onshore Trinidad.

Morocco offers a potentially faster route to commercialisation of shallow biogenic gas through a CNG or micro-LNG development. The structure penetrated by the MOU-1 and MOU-3 wells is currently defined as having the best hydrocarbon potential and remains  key focus for further appraisal and potential development. The Company is committed to partnering with entities capable of supporting a future development decision and who have already identified the opportunity as one warranting the execution of a Collaboration Agreement and a Memorandum of Understanding. Moroccan gas prices are high, and the fiscal terms are some of the best in the world. The presence of gas export infrastructure adjacent to the MOU-1 and MOU-3 structure allows for a scalable gas development after initial CNG or micro-LNG gas production over time establishes the extent of connected gas volumes and the capability of reservoirs to deliver at plateau rates over time.    

Trinidad offers the security of a mature onshore oil province that has been producing hydrocarbons for over 50 years. Predator has assembled a portfolio of onshore producing fields with opportunities for production enhancement and additional infill development and appraisal drilling. Significant legacy tax losses, economies of scale and the application of new low-cost technologies are factors that can improve profit margins per barrel of oil produced.  A Master Services Agreement with local operator NABI Construction relieves the Company of the burden and costs of operating the fields and executing drilling and heavy well workovers. In return the Company receives 30% of gross sales revenues for which it can use its acquired tax losses to substantially reduce Petroleum Profit Tax from 50% to an effective rate of 12.5%.

Predator has an experienced technical, financial and legal management team with particular knowledge of the Moroccan and Trinidad sub-surface and operations and an ability to complete M & A transactions in Trinidad and receive regulatory approvals in a timely manner and without any unnecessary advisory fees for transactions.  The Company's strategy is to operate at a much reduced overhead compared to other operators with portfolios of assets of similar extent to maintain competitiveness.

Predator Oil & Gas Holdings plc is listed on the Equity Shares (transition) category of the Official List of the London Stock Exchange's main market for listed securities (symbol: PRD).

For further information, visit www.predatoroilandgas.com