Issuance and Lapse of Share Options

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term hydrocarbon operations focussed on Morocco and Trinidad, advises of the issuance of the following options over new Ordinary Shares:

Issuance of Options to Geoffrey Leid - Director T-Rex Resources (Trinidad) Limited

The Board's Remuneration Committee has resolved to make the following award of unallocated share options under the Company's existing option scheme following his appointment as a director of the Group's subsidiary company T-Rex Holdings (Trinidad) Limited ("T-Rex"):

To Geoffrey Leid (Director):

Award of 3,000,000 Options

Options issued on 18 April 2024 to Geoffrey Leid are exercisable at 12.5 pence per share.

1,000,000 share options will vest immediately and the remaining 2,000,000 share options will vest after 6 months or upon production from the Cory Moruga Exploration and Production Licence reaching 200 barrels of oil per day, whichever occurs first.

Background

Geoffrey Leid is the Company's in-country managing director of T-Rex.

He will focus on promoting and developing the Company's business activities in Trinidad with special emphasis on assisting to accelerate the processes required for the execution of the Cory Moruga field development project.

He is a corporate consultant/adviser with a particular focus on oil and gas development projects. His extensive experience in the acquisition and funding of resource projects in Trinidad spans ten years. An attorney by profession, Mr. Leid has specialised in real estate, corporate mergers and acquisitions and he sat on numerous boards in the real estate, telecommunications and energy sectors throughout the Caribbean. Mr. Leid holds undergraduate degrees in Economics and Administrative Studies from York University, Canada and obtained his LLB in the United Kingdom. As a member of Grays Inn, he was called to the Bar in England. Mr. Leid is also a member of the Chartered Professional Accountants in Canada.

Lapse of Share Options

In accordance with the terms and conditions of the Rules of the Predator Oil & Gas Holdings Plc Unapproved Share Option Scheme dated 7 October 2020, share options granted to former directors as eligible persons have lapsed as follows:

Louis Castro 1,000,000 share options at an exercise price of 5 pence

• Stephen Staley 1,650,000 share options at an exercise price of 5.66 pence

Thomas Evans 2,000,000 share options at an exercise price of 8.125 pence

Total Options and Warrants on issue

Following the issuance and lapsing of the options announced herein, the total options and warrants outstanding in the Company are as follows:

• Warrants include outstanding warrants issued to Company advisers at

1,020,000 at an exercise price of 10.5 pence per share

600,000 at an exercise price of 15 pence per share

690,000 at an exercise price of 9 pence per share

1,800,000 at an exercise price of 5.5 pence per share

1,099,765 at an exercise price of 8 pence per share

2,181,810 at an exercise price of 6 pence per share

1,780,412 at an exercise price of 5.7 pence per share

1,080,000 at an exercise price of 10.5 pence per share

2,863,636 at an exercise price of 11 pence per share

5,454,546 at an exercise price of 11 pence per share

• 05/07/22 share options are exercisable at 8.125 pence per share.
• 09/11/22 2,000,000 share options are exercisable at 7.75 pence per share.
• 09/11/22 11,598,923 share options are exercisable at 10.0 pence per share
• 27/03/23 share options are exercisable at 8.125 pence per share
• 12/05/23 15,710,972 share options are exercisable at 8.0 pence per share

3,401,077 share options are exercisable at 10.0 pence per share

• 12/10/23 share options exercisable at 12.5 pence per share
• 18/04/24 share options exercisable at 12.5 pence per share

If all options and warrants were to become exercisable and then exercised in accordance with their terms, gross proceeds received by the Company would be £6,150,101.

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