General Meeting Update

17 June 2020                                                                                                                

PRESIDENT ENERGY PLC

("President" or the "Company")

General Meeting Update

President Energy (AIM: PPC), the energy company with a diverse portfolio of production and exploration assets focused primarily in Argentina announces an update in relation to the upcoming General Meeting which is to be held on 22 June 2020 at 11:00 a.m at FieldFisher LLP, Riverbank House, 2 Swan Lane, London EC4R 3TT.

As set out in Section 8 of the Circular dated 4 June 2020 shareholders are reminded that due to the government's ongoing response, and public health advice, to the COVID-19 outbreak, the Company again requests all Shareholders to submit their Form of Proxy and not attend the meeting in person.

Those Shareholders who wish to follow the proceedings of the General Meeting can do so using the dial in below;

·    United Kingdom Toll-Free:     0800 358 9473                 PIN: 74488330#

·    United Kingdom Toll:           +44 3333000804                 PIN: 74488330#

Shareholders will be given the opportunity to ask questions in respect of relevant business matters relating to the General Meeting immediately after the formal business is concluded.

Contact:

Notes to Editors

President Energy is an oil and gas company listed on the AIM market of the London Stock Exchange (PPC.L) primarily focused in Argentina, with a diverse portfolio of operated onshore producing and exploration assets.

The Company has operated interests in the Puesto Flores, Estancia Vieja, Puesto Prado and Las Bases Concessions, and Angostura exploration contract, all of which are situated in the Rio Negro Province in the Neuquén Basin of Argentina and in the Puesto Guardian Concession, in the Noroeste Basin in NW Argentina. Alongside this, President Energy has cash generative production assets in Louisiana, USA and further significant exploration and development opportunities through its acreage in Paraguay and Argentina.

The Group is also actively pursuing value accretive acquisitions of high-quality production and development assets in Argentina capable of delivering positive cash flows and shareholder returns. With a strong institutional base of support, including the IFC, part of the World Bank Group as well as the international commodity trader and logistics company Trafigura, an in-country management team as well as a Board whose interests are aligned to those of its shareholders, President Energy gives UK investors access to the Argentina energy growth story combined with world class standards of corporate governance, environmental and social responsibility.

This announcement contains inside information for the purposes of article 7 of Regulation 596/2014