Curzon Energy plc announced that under the terms of the LOI initially announced on 3 February 2021, Poseidon Enhanced Technologies (‘PET’) has informed the Company of a further extension of the existing exclusivity period through 1 September 2021. The Company continues in a period during which each party is conducting due diligence on the other. The parties continue to work towards the execution and delivery of a definitive purchase agreement, contemplating a reverse takeover of Curzon by PET ("RTO"), which will be conditional upon receipt of the required regulatory approvals from the FCA and its primary market functions, among other matters. A potential transaction, if completed, would constitute a reverse takeover under the Listing Rules. The Company will continue to update the market on progress as appropriate.