Riverstone Energy Limited commences share repurchases on May 25, 2022 under the program mandated by the shareholders in the Annual General Meeting held on May 24, 2022. As per the mandate, the company is authorized to repurchase up to 14.99% of its issued share capital. The minimum price which may be paid is £0.01 per share and the maximum price which may be paid for a share shall be the higher of an amount equal to 105% above the average of the middle market quotations for a share in the company taken from the London Stock Exchange Daily Official List for the five business days immediately preceding the day on which the share is contracted to be purchased and the price stipulated by Article 5(1) of the Buy-Back and Stabilization Regulation. The program will be valid until the next annual general meeting of the company due to be held in 2023 unless such authority is varied, revoked or renewed prior to such date.

JP Morgan Cazenove plc. acted as broker to the company.