Appointment of Chief Executive Officer

London, 14 May 2024 - Serica Energy plc (AIM: SQZ), a British independent upstream oil and gas company, announces the appointment of Chris Cox as Chief Executive Officer ("CEO"). This will take effect on 1 July 2024[1], with David Latin (Chairman of Serica) ceasing his temporary role as Interim CEO at the same time.

Chris Cox has over forty years experience in oil and gas in a wide range of roles with Majors and Independents. For the last two decades he has been leading complex multi-asset and multi-country businesses including as CEO of Spirit Energy, Interim CEO at Capricorn Energy and Chairman of Kellas Midstream. Chris has experience as a non-executive director of both private equity and publicly listed companies, most recently with Nostrum Oil and Gas. Chris holds a BSc in Petroleum Engineering from Imperial College, London.

David Latin, Chairman and Interim CEO of Serica commented:

"We are delighted to have secured the services of Chris Cox after a rigorous recruitment process. His technical and commercial acumen, combined with his track record in leadership and teambuilding as CEO of substantial upstream entities operating in multiple geographies including the UK and Norway, make him an excellent fit with Serica's existing operations, exciting drilling programme currently underway and ambitions to grow through M&A. With this appointment, we have our new executive team in place and I look forward to working with them to deliver growth and returns for our investors."

Chris Cox commented:

"I am honoured to be given the opportunity to lead the team at Serica at this very important time. In the last several years, Serica has established itself as one of the leading producing companies in the UK North Sea. I will do my utmost to continue the Company's reputation for safe high quality operational performance, to realise the significant potential for growth within the existing portfolio and to add further value for shareholders through M&A."

Regulatory

Christopher Martin Cox (aged 63)

Mr Cox does not hold any ordinary shares or options over ordinary shares in the Company.

Curium Energy Consultants Limited

Curium Energy Ltd

Oxomo Tequila Ltd

Capricorn Egypt (Holding) Limited

Capricorn Côte d'Ivoire Limited

Capricorn Energy Investments Limited

Capricorn Low Carbon Solutions Limited

Capricorn Production II Limited

Capricorn Energy Holdings Limited

Capricorn Egypt Limited

Capricorn Oil Limited

Capricorn Energy UK Limited

Capricorn Mauritania Limited

Capricorn Senegal (Holding) Limited

Capricorn Offshore Exploration Limited

Capricorn Production (Holdings) Limited

Cairn UK Holdings Limited

Capricorn Resources Management Limited

Capricorn Production I Limited

Capricorn Americas Limited

Capricorn Petrololeum Limited

Agora Oil and Gas (UK) Limited

Capricorn Senegal Limited

Capricorn Energy plc

Kellas Group Holdings Limited

There is no further information which is required to be disclosed under Schedule Two, paragraph (g) of the AIM Rules in respect of Christopher Martin Cox.