17 May 2017

Amendment of strike price under the share option agreement between Zenith Pure Oil Plc. and Unicredit Bank AG

Zenith Pure Oil Plc. hereby notifies the market of the following:

Based on the share option agreement related to 3,659,080 Series “A” Zenith Pure Oil Ordinary shares, concluded on 3 January 2017 with UniCredit Bank AG, the strike price for both the call and the put options changed to EUR 66.30865 per share.

Zenith Pure Oil Plc. directly and indirectly owns 9,616,975 Series "A" and 578 Series "C" Zenith Pure Oil Ordinary shares.