Savannah Energy Plc

28 February 2022

28 February 2022

Savannah Energy PLC

("Savannah", the "Company" or the "Group")

Notification of Lekoil Limited Announcement

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, can confirm that its wholly owned subsidiary, Savannah Energy Investments Limited, has made an investment in LEKOIL Limited (AIM: LEK) ("LEKOIL") (the "Investment"), which is not deemed material to Savannah. The commercial details of the Investment are included in LEKOIL's RNS of 13:50 today (the "LEKOIL RNS").

The ordinary shares of LEKOIL are currently suspended from trading on AIM.

For further information, please refer to the Company's website www.savannah-energy.com or contact:

 Savannah Energy                                  +44 (0) 20 3817 9844 
 Andrew Knott, CEO 
 Nick Beattie, Interim CFO 
 Sally Marshak, Head of IR & Communications 
 Strand Hanson (Nominated Adviser)                +44 (0) 20 7409 3494 
 James Spinney 
 Ritchie Balmer 
 Rob Patrick 
 finnCap Ltd (Joint Broker) 
  Christopher Raggett 
  Tim Redfern                                     +44 (0) 20 7220 0500 
 Panmure Gordon (UK) Ltd (Joint Broker) 
  John Prior 
  Hugo Rich 
  James Sinclair-Ford                             +44 (0) 20 7886 2500 
 Camarco                                          +44 (0) 20 3757 4983 
 Billy Clegg 
  Owen Roberts 
  Violet Wilson 

Save in respect of the quotes attributable to Savannah Energy Investments Limited and Savannah Energy Nigeria employees in the LEKOIL RNS, Savannah Energy Nigeria or the wider Savannah Energy Group, including Savannah Energy PLC and its subsidiaries, have not been responsible for the preparation and publication of the LEKOIL RNS and will not accept any liability whether direct or indirect, express or implied, contractual, tortious or otherwise, in respect of the LEKOIL RNS.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

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(END) Dow Jones Newswires

February 28, 2022 09:00 ET (14:00 GMT)

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