Notice of Annual General Meeting.

13 June 2025

Challenger Energy Group PLC

("Challenger Energy" or the "Company")

NOTICE OF ANNUAL GENERAL MEETING

Challenger Energy (AIM: CEG), an Atlantic margin focused oil and gas company, announces that the Company's Annual General Meeting ("AGM") will be held on 24 July 2025 at 11:00 a.m. British Summer Time at The Engine House, Alexandra Road, Castletown, Isle of Man IM9 1TG. The Notice of the AGM will be posted to the shareholders by 18 June 2025. The purpose of the AGM is to seek shareholder approval for:

 Resolution One:    as an ordinary resolution, that the Directors' Report and the Financial Statements for the year ended 31 December 2024, together with the Independent Auditor's Report, be received.

Resolution Two:        As an ordinary resolution, that Mr. Iain McKendrick, who retires by rotation and, being eligible, offers himself for reappointment, be reappointed as a director of the Company.

Resolution Three:      As an ordinary resolution, that Mr. Stephen Bizzell, who retires by rotation and, being eligible, offers himself for reappointment, be reappointed as a director of the Company.

Resolution Four:        As a special resolution, that the existing authority for the allotment of up to 200,000,000 new ordinary shares of 1 pence each in the capital of the Company,  pursuant to Article 6.7 of the Company's Articles of Association, as approved by the Company at the Annual General Meeting held on 30 July 2024, be extended from 31 December 2025 by one year, with such authority to now expire on 31 December 2026, but otherwise on the same terms and conditions as previously approved.

  Resolution Five:        As an ordinary resolution, that Grant Thornton LLC of 13-18 City Quay, Dublin, D02 ED70, Ireland, be appointed as auditors of the Company to hold office until the conclusion of the next general meeting at which accounts are laid, and to authorise the directors to determine their remuneration.

Explanatory notes in relation to Resolution Four (General Issuance Authority)

As has been the case for many years, the Company has in place a standing authority for the board to issue shares, given that the board considers it prudent to have in place an authority to enable the Company to quickly and flexibly secure funding necessary for the development of its project portfolio, and/or to consider transactional opportunities that may arise from time to time. It is noted that this authority, despite being in place, was not used in 2024, and the approval being sought is merely to extend the existing authority.

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The Directors consider the approval of the resolutions to be proposed at the Annual General Meeting to be in the best interests of the Company and its Shareholders as a whole and, accordingly, unanimously recommend Shareholders to vote in favour of all of the resolutions, as they and their associated parties intend to do in respect of their beneficial holdings, which in aggregate total 19.3 million ordinary shares, representing approximately 7.74 per cent. of the current issued share capital.

A copy of the Notice of the Annual General Meeting will also be made available on the Company's website https://www.cegplc.com/.

For further information, please contact:

Notes to Editors

Challenger Energy is an Atlantic-margin focused energy company, with a current high-impact position in Uruguay, where the Company holds two offshore exploration licences, totalling 19,000km² (gross) and is partnered with Chevron on the AREA-OFF 1 block. Challenger Energy is quoted on the AIM market of the London Stock Exchange and the OTCQB in the United States.

https://www.cegplc.com 

ENDS