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Monetisation of Arbitration Award Update

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Rockhopper Exploration plc is pleased to provide the following update in relation to the monetisation of its Ombrina Mare Arbitration Award (the "Transaction") announced on 20 December 2023.

All required precedent conditions to the Transaction have now been satisfied. Under the terms of the Transaction, the Tranche 1 payment is due within 5 business days.

Further updates will be provided in due course.

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