Riverstone Energy Limited commences share repurchases on July 5, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 21, 2024. As per the mandate, the company is authorized to repurchase up to 14.99% of its issued share capital. The minimum price which may be paid is £0.01 per share and the maximum price which may be paid for a share shall be the higher of an amount equal to 105% of the average of the middle market quotations for an ordinart share on the relevant market for the five business days immediately preceding the day on which the Ordinary Share is purchased or the higher of the price of the last independent trade for an Ordinary Share and the highest current independent bid for an Ordinary Share at the time of purchase. The program will be valid until the next annual general meeting of the company due to be held in 2025 unless such authority is varied, revoked or renewed prior to such date.

On July 4, 2024, the company initiated a Market Repurchase. The company has entered into an irrevocable and non-discretionary agreement with Deutsche Numis to repurchase £20 million of its own shares.