Echo Energy, the Latin American-focused full cycle energy company, announces that on 18 May 2021 it was notified that Nusakan plc ('Nusakan') had on that same day, as part of a broader realisation of that investment vehicle, distributed the entirety of its 3.1% shareholding in Echo, being 40,118,865 ordinary shares in the Company, directly to Nusakan's own shareholders for no consideration.

Marco Fumagalli, a Non-Executive Director of the Company, is a 25% shareholder of Nusakan.

Marco Fumagalli's beneficial interest in the Company is unchanged as a result of the Nusakan Distribution, with Mr. Fumagalli now holding a direct interest in 10,029,716 Ordinary Shares, representing approximately 0.77% of the Company's issued ordinary share capital, in his own name.

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further details.

Contact:

Martin Hull

Tel: +44 (0) 20 7390 0230

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