Update on Share Buyback Programme | Riverstone Energy Limited

RNS Number : 4115Z

Riverstone Energy Limited

15 May 2023

LEI: 213800HAZOW1AWRSZR47

15 May 2023

Riverstone Energy Limited

("REL" or the "Company")

Update on Share Buyback Programme

As announced on 5 May 2023, the Company is continuing the share buyback programme announced on 24 February 2022, with approximately £11 million remaining of the £46 million allocated to the programme.

Assuming that the resolution to authorise further share buybacks to be proposed at the Company's Annual General Meeting scheduled for 23 May 2023 is passed, the Company intends to increase the amount to be allocated to buying back shares following the Annual General Meeting by a further £30 million, with the total amount available for buybacks also including any balance then remaining unused under the current programme.

The portfolio continues to generate strong cash flows to support share buybacks up to these amounts.

About Riverstone Energy Limited:

REL is a closed-ended investment company which invests in the energy industry that has since 2020 been exclusively focused on pursuing a global strategy across decarbonisation sectors presented by Riverstone's investment platform, resulting in aggregate commitments to-date of $193 million. REL's ordinary shares are listed on the London Stock Exchange, trading under the symbol RSE. REL has 16 active investments spanning decarbonisation, oil and gas, renewable energy and power in the Continental U.S., Western Canada, Europe and Australia.

For further details, see www.RiverstoneREL.com

Neither the contents of Riverstone Energy Limited's website nor the contents of any website accessible from hyperlinks on the websites (or any other website) is incorporated into, or forms part of, this announcement.

Media Contacts

For Riverstone Energy Limited:

Josh Prentice

+44 20 3206 6300

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