Exercising options for Zenith Pure Oil shares

Zenith Pure Oil Plc. (“Zenith Pure Oil”) hereby notifies the market of the followings:

Zenith Pure Oil exercises its call options in relation to 27,574,340 Zenith Pure Oil Series “A” Ordinary shares (“Shares”) on 19 January 2022 under the share option agreement executed between UniCredit Bank AG and Zenith Pure Oil on 14 June 2021. The options will be physically settled on 21 January 2022 at the strike price of EUR 6.72764 per one Share.

Zenith Pure Oil exercises its call options in relation to 9,844,626 Shares on 19 January 2022 under the share option agreement executed between Commerzbank A.G. and Zenith Pure Oil on 16 June 2021. The options will be physically settled on 21 January 2022 at the strike price of EUR 6.7389 per one Share.

Zenith Pure Oil exercises its call options in relation to 36,719,933 Shares on 19 January 2022 under the share option agreement executed between ING Bank N.V. and Zenith Pure Oil on 14 June 2021. The options will be physically settled on 21 January 2022 at the strike price of EUR 6.6043 per one option.

As a result of the above transactions the number of treasury shares increases by 74,138,899 and Zenith Pure Oil will own directly and indirectly 95,278,601 “A” Series and 578 “C” Series Zenith Pure Oil Ordinary shares.