Result of General Meeting, Issue of Equity and TVR

7 November 2019

Echo Energy

("Echo" or the "Company")

Result of General Meeting, Issue of Equity and Total Voting Rights

Echo Energy, the Latin American-focused upstream oil and gas company, is pleased to announce that all resolutions put to shareholders at the General Meeting held earlier today were duly passed on a show of hands.

The total proxy votes cast were as follows:

Note: A vote "Withheld" is not a vote in law and is not counted in the calculation of the proportion of the votes "For" and "Against" shown.

Application has been made for the Conditional Subscription Shares and the Consideration Shares to be admitted to trading on AIM. It is expected that Second Admission will become effective and completion of the Acquisition will occur on or around 8 November 2019 and a further announcement will be made as appropriate.

Following Second Admission, the total number of ordinary shares of 0.25p each in the capital of the Company in issue will be 711,717,587 with each ordinary share carrying the right to one vote.  There are no ordinary shares held in treasury and therefore the total number of voting rights in the Company is 711,717,587.

The above figure may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Terms defined in the Circular dated 22 October 2019 apply throughout this announcement, unless the context requires otherwise.

For further information, please contact: