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RNS Number : 2420K

Enwell Energy PLC

20 December 2022

20 December 2022

Enwell Energy plc

("Enwell" or the "Company")

Resignation of Auditor

and Posting of Statement of Reason to Shareholders

Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, announces that it has received notice of resignation from PricewaterhouseCoopers LLP as its Auditor.

PricewaterhouseCoopers LLP provided a statement of the reason for its decision to cease to hold office as the Company's auditor, which was that the Company no longer meets PricewaterhouseCoopers LLP's audit client acceptability criteria as a result of the imposition of the restrictive measures (sanctions) against Vadym Novynskyi, who holds a major indirect shareholding interest in the Company, as announced on 9 December 2022. A copy of this statement will be posted to shareholders as required by section 520(2) of the Companies Act 2006, and will shortly be available on the Company's website at www.enwell-energy.com.

The Company is seeking to appoint a new Auditor and a further announcement in this regard will be made in due course.

For further information, please contact :

 
 Enwell Energy plc                          Tel: 020 3427 
                                             3550 
 Chris Hopkinson, Chairman 
 Sergii Glazunov, Chief Executive Officer 
 Bruce Burrows, Finance Director 
 
 Strand Hanson Limited                      Tel: 020 7409 
                                             3494 
 Rory Murphy / Matthew Chandler 
 
 Arden Partners plc                         Tel: 020 7614 
                                             5900 
 Ruari McGirr (Corporate Finance) 
 Simon Johnson (Corporate Broking) 
 
 Citigate Dewe Rogerson                     Tel: 020 7638 
                                             9571 
 Ellen Wilton

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END

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December 20, 2022 02:00 ET (07:00 GMT)

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