Share Buyback Programme

LEI: 213800HAZOW1AWRSZR47

1 July 2020

Riverstone Energy Limited

Share Buyback Programme

Riverstone Energy Limited (the "Company") announces that its £50.0 million share buyback programme has been paused until after the Company's Interim Report and Unaudited Interim Condensed Financial Statements for the six months ended 30 June 2020 (the "Interim Report") have been published in August 2020.  Since the Company's announcement on 1 May 2020, 10,811,141 ordinary shares have been bought back at a total cost of approximately £30.5 million.  The Board intends to recommence the share buyback programme with Numis Securities Limited and J.P. Morgan Securities plc after publication of the Interim Report.

About Riverstone Energy Limited:

REL is a closed-ended investment company that invests exclusively in the global energy industry across all sectors. REL aims to capitalise on the opportunities presented by Riverstone's energy investment platform.  REL's ordinary shares are listed on the London Stock Exchange, trading under the symbol RSE.  REL has 9 active investments spanning oil and gas, midstream, and energy services in the Continental U.S., Western Canada, Gulf of Mexico and Europe.

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:

Jingcai Zhu

Fraser Johnston-Donne

+44 20 3206 6300