Result of Oversubscribed WRAP Retail Offer

Afentra plc ("Afentra" or the "Company") (AIM: AET), an upstream oil and gas company focused on acquiring production and development assets in Africa, is pleased to confirm, further to the announcement made on 4 June 2026, the result of the WRAP Retail Offer. The WRAP Retail Offer was oversubscribed, demonstrating strong support from the company's retail shareholder base and new investors.

The Company announces that it has raised gross proceeds of £2 million pursuant to the WRAP Retail Offer, alongside the previously announced Placing. Accordingly, the Company will issue a total of 2,985,074 WRAP Retail Offer Shares at the Issue Price.

In total, the Placing has raised gross proceeds of approximately US$40 million for the Company, via the Placing of 22,615,600 Firm Placing Shares and 21,699,640 Conditional Placing Shares. The WRAP Retail Offer has raised £2 million (US$2.7 million) via the issue of 2,985,074 WRAP Retail Offer Shares.

The WRAP Retail Offer and the Conditional Placing are conditional on admission to trading on AIM ("Second Admission"). The Company intends to convene a shareholder meeting, expected to be held on or around 25 June 2026, to approve the allotment of the Conditional Placing Shares and the WRAP Retail Offer Shares. Afentra will publish a Notice of General Meeting, setting out the resolutions requiring approval, on or around 9 June 2026.