Announcement

CAP Energy PLC hereby announces that it has formally initiated arbitration proceedings against Petroguin in accordance with the dispute resolution provisions of the Joint Venture Agreement (JVA).

The arbitration relates to CAP Energy PLC’s interests in TAOL Bécuda and TAOL Corvina, which are owned and operated by CAP Energy PLC. The proceedings have been commenced pursuant to the arbitration clause set out in the JVA governing the relationship between the parties.

CAP Energy PLC remains committed to protecting its contractual rights and interests under the JVA and will pursue the arbitration process in accordance with applicable legal and contractual frameworks.

Further updates will be provided as appropriate.

For further information, please contact:
Investor Relations – CAP Energy PLC
Email: [info@capenergyplc.com]