7 August 2024

Challenger Energy Group PLC

("Challenger Energy" or the "Company")

Share consolidation and TVR

Challenger Energy (AIM:CEG) announces that following shareholder approval at the Company's AGM on 30 July 2024, dealings in the New Ordinary Shares following the Share Consolidation of 1 New Ordinary Share of 1 pence each for 50 Existing Ordinary Shares of 0.02 pence each, held at the Record Date, will commence as of 8.00 a.m. today.

The ISIN for the New Ordinary Shares is IM00BPLZ1D89 and the SEDOL is BPLZ1D8.

Total Voting Rights 

Following completion of the Share Consolidation, the Company's issued share capital consists of 209,881,322 New Ordinary Shares, with each Ordinary Share carrying the right to one vote. The Company does not hold any Ordinary Shares in treasury. This figure of 209,881,322 New Ordinary Shares may therefore be used by shareholders in the Company, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

This announcement should be read in conjunction with the Notice of AGM that was published on 30 June 2024, copies of which are available on the Company's website at https://cegplc.com/ and the Company's announcement titled NOTICE OF ANNUAL GENERAL MEETING ("AGM")' on 30 June 2024 (the "Announcement"). Capitalised terms in this announcement have the same meaning as given in the Announcement and Notice of AGM, unless the context provides otherwise.

For further information, please contact:

Notes to Editors

Challenger Energy is an Atlantic-margin focused energy company, with production, development, appraisal, and exploration assets in the region. The Company's primary assets are located in Uruguay, where the Company holds high impact offshore exploration licences. Challenger Energy is quoted on the AIM market of the London Stock Exchange.

https://www.cegplc.com