Enteq Upstream plc

(“Enteq” or the “Company”)

Issue of shares

Enteq, the oil and gas drilling technology Company, announces that on 5 May 2020 it issued and allotted a total of 357,569 new ordinary shares of 1p each (“Ordinary Shares”) to a senior manager who is not considered to be a person discharging managerial responsibilities in relation to the award under the Performance Share Plan (“PSP”) that came into effect on 29 June 2015.   Under the terms of this award, the performance conditions having been met, the consideration for these shares was 1p per new Ordinary Share.

Application has been made for the 357,569 new Ordinary Shares to be admitted to trading on AIM which is expected to occur on 12 May 2020. Following the above issue of new Ordinary Shares, the number of Ordinary Shares (each carrying one vote) in issue is 65,846,213.  There are no shares held in treasury.  The figure of 65,846,213 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interests in, or a change to their interests in, the share capital of Enteq under the Disclosure and Transparency Rules.

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