TIDMPMO

RNS Number : 8944S

Premier Oil PLC

19 March 2021

19 March 2021

Premier Oil plc

("Premier")

Court Sanction

Premier is pleased to announce that the restructuring plans of Premier and Premier Oil UK Limited (the "Restructuring Plans") received sanction today at a hearing of the Court of Session in Scotland. Following the sanction of the Restructuring Plans, the all share merger between Premier and Chrysaor Holdings Limited and the reorganisation of Premier's existing debt and cross currency swaps are expected to complete on 31 March 2021.

 
 Enquiries 
 Premier Oil plc                                 Tel: 020 7824 1116 
 Richard Rose, Finance Director and Interim 
  CEO 
  Elizabeth Brooks, Head of Investor Relations 
  Camarco                                        Tel: 020 3757 4983 
 Billy Clegg 
  Georgia Edmonds

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March 19, 2021 08:00 ET (12:00 GMT)

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