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Current Report No. 40/2020Date: 2020-12-21Issuer’s
trading name: SERINUS ENERGY plc

Title: Holding in Company

Legal basis: Article 70(1) of the Act on Offering – acquisition or
disposal of a significant block of shares

Content:According to Article 70(1) of the Act on Public
Offering […] the Management of SERINUS ENERGY plc (“Company” or
“Serinus”) informs that on 18 December 2020 it received the notification
provided by Canaccord Genuity Group Inc. (Vancouver, Canada) and
prepared under AIM regulations (UK), informing about exceeding of the
threshold of 10% in the total vote in the Company, which took place on
17 December 2020.

According to the notification the Canaccord Genuity Group Inc. currently
holds 107,047,185 shares of the Company, representing 10.4158% of the
total vote. Canaccord Genuity Group Inc. held, before the change of the
share, shares representing 9.87% of the total vote in the Company. The
change in the percentage of shares held is due entirely to participation
in the placing by Serinus, the shares from which were admitted to AIM on
17 December 2020.

The Company reminds that previous information on Canaccord Genuity Group
Inc. holding in Seinus has been disclosed in WSE current report No.
5/2020 of 14 February 2020.

Full chain of controlled undertakings through which above mentioned
voting rights are effectively held by Canaccord Genuity Group Inc.
includes: Canaccord Genuity Group Inc., Canaccord Genuity Wealth Group
Holdings Limited, Canaccord Genuity Wealth Group Holdings (Jersey)
Limited, Canaccord Genuity Wealth Group Limited and Hargreave Hale Ltd.

The attachment to this current report contains the text of the original
notification in English, which has been filed by the Company in the UK
and will also be available on the Company’s website:
www.serinusenergy.com

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