Admission to trading of Common Shares

Summary by AI ^BETAClose X

Zenith Energy Ltd. has applied for the admission of 152,852,721 common shares to the Transition Category of the FCA Official List and the Main Market of the London Stock Exchange, with admission expected on May 27, 2026. These shares are already part of the company's outstanding share capital, and following admission, the total number of common shares admitted to trading on the London Stock Exchange will be 714,756,457, matching the number traded on the Oslo and Swedish exchanges. The total number of voting rights in the company will be 714,756,457, which shareholders should use as the denominator for calculating their notification obligations under the FCA's Disclosure Guidance and Transparency Rules.

Disclaimer*

Zenith Energy Ltd

26 May 2026

May 26, 2026

ZENITH ENERGY LTD.

Admission to trading of Common Shares

Total Voting Rights

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; XSAT: ZENA SDR), the listed international energy production and development company, confirms that an application has been made for admission to trading to the Transition Category of the FCA Official List and on the Main Market for listed securities of the London Stock Exchange of 152,852,721 common shares of no par value ("Common Shares"). The Common Shares already form part of the Company's outstanding share capital and do not represent a new equity issuance.

Admission for the Common Shares to be admitted to trading to the Transition Category of the FCA Official List and on the Main Market for listed securities of the London Stock Exchange is expected to take place on May 27, 2026 ("Admission").

Following Admission, the number of Common Shares admitted to the Transition Category of the FCA Official List and to trading on the Main Market for listed securities of the London Stock Exchange will be 714,756,457, the same number admitted to trading on the Euronext Growth of the Oslo Stock Exchange and on the Spotlight Stock Market in Sweden. The Company has 714,756,457 Ordinary Shares in issue, each with one voting right. The Company does not hold any shares in treasury and therefore the total number of voting rights in the Company is 714,756,457. This figure should be used by shareholders from Admission 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 Guidance and Transparency Rules.

Further Information:

Zenith Energy Ltd

Andrea Cattaneo, Chief Executive Officer

Tel: +1 (587) 315 1279

E: info@zenithenergy.ca

Notes to Editors:

Zenith Energy Ltd. is a revenue generating, independent energy company with energy production, exploration and development assets in North Africa, the US and Europe. The Company is listed on the London Stock Exchange Main Market (LSE: ZEN), the Euronext Growth of the Oslo Stock Exchange (OSE: ZENA) and on the Spotlight Stock Market in Sweden (XSAT: ZENA SDR).

Zenith's strategic focus is on pursuing development opportunities through the development of proven revenue generating energy production assets, as well as low-risk exploration activities in assets with existing production.

For more information, please visit: www.zenithenergy.ca

Twitter: @zenithenergyltd

LinkedIn: https://bit.ly/3A5PRJb

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