South Sudan Acquisition Update

Further to the Company's announcement on 14 December 2023, the Company confirms that it remains suspended from trading on AIM, with a revised cancellation date of 2 April 2024, whilst it continues to advance the various workstreams, including receipt of in-country approvals, required to complete the acquisition of PETRONAS International Corporation Limited's energy business in South Sudan. Further updates will be provided as and when appropriate.

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, CFO Sally Marshak, Head of IR & Communications Strand Hanson (Nominated Adviser) +44 (0) 20 7409 3494 James Spinney Ritchie Balmer Rob Patrick Cavendish Capital Markets Ltd (Joint Broker) Derrick Lee Tim Redfern +44 (0) 20 7220 0500 Panmure Gordon (UK) Ltd (Joint Broker) Hugo Rich James Sinclair-Ford +44 (0) 20 7886 2500 Camarco +44 (0) 20 3757 4983 Billy Clegg Owen Roberts Violet Wilson

596/2014, as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended, and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.