Press release

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

3 December 2018

Riverstone Energy Limited ("REL" or the "Company")

CLOSE OF TENDER OFFER AND TOTAL VOTING RIGHTS

On 23 November 2018, Riverstone Energy Limited acquired 4,583,333 of the Company's ordinary shares ("Shares") pursuant to the Tender Offer for up to £55.0 million in value of Shares. All Shares repurchased by the Company have been cancelled. Each Share acquired by the Company in the Tender Offer was purchased at the Strike Price of £12.00. Terms used in this announcement shall have the same meaning as set out in the Company's circular in respect of the Tender Offer of 15 October 2018 (the "Circular").

Payment to shareholders of the Tender Offer consideration were despatched on or around 23 November 2018.

In accordance with DTR 5.6.1R, the Company notifies the market of the following:

As at 30 November 2018, the Company's total issued share capital consists of 79,896,731 Shares of no par value. The Company does not hold any Shares in Treasury.

Accordingly, for the purposes of the Transparency Directive, the total number of issued shares with voting rights in the Company is currently 79,896,731.

The above figure of 79,896,731 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

A copy of the Circular is available to view on the Company's website at https://www.riverstonerel.com/

A copy of the Tender Offer circular has been submitted to the National Storage Mechanism and is available for inspection at www.morningstar.co.uk/uk/NSM

All references are to local time in London on the day in question.

For further information
 

Riverstone Energy Limited                                                     Tel: +44 (0)20 3206 6300

Ken Ryan

Brian Potskowski

Fraser Johnston-Donne

J.P. Morgan Cazenove                                                             Tel: +44 (0)20 7742 4000

Alex Watkins

Edward Gibson-Watt
 

About Riverstone Energy Limited

REL is a closed-ended investment company that invests exclusively in the global energy industry, with a particular focus on the exploration & production and midstream sectors. REL aims to capitalise on the opportunities presented by Riverstone's energy investment platform.  REL is a member of the FTSE 250 and its ordinary shares are listed on the London Stock Exchange, trading under the symbol RSE.  REL has 12 active investments spanning conventional and unconventional oil and gas activities in the Continental U.S., Western Canada, Gulf of Mexico, Mexico and credit.