30 December 2021

PRESIDENT ENERGY PLC

("President" or the "Company")

 Atome Energy PLC first day of dealings on AIM

President Energy (AIM: PPC), the energy company with a diverse portfolio of energy assets announces the admission of the shares in Atome Energy PLC ("Atome") to trading on the AIM market of the London Stock Exchange and completion of the dividend in specie in relation to Atome.

Highlights

Atome Energy PLC

President notes the announcement by way of RNS made today by Atome Energy PLC in relation to the admission of Atome's shares to trading on AIM and congratulates Atome and all its shareholders on this and Atome becoming an independent green hydrogen and ammonia production company. The text of the announcement made today by Atome is set out below.

President further confirms that the dividend in specie referred to in previous announcements of President and latterly on 17 December 2021 has now been made.

Following on from this, President will continue to hold Atome's shares representing 27.9% of the entire issued share capital of Atome.

An operational update relating to President's own conventional oil and gas business will be made after new year with all current operations proceeding in line with expectations.

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30 December 2021

ATOME ENERGY PLC

("ATOME" or the "Company")

Admission to Trading on AIM

First day of dealings

ATOME has received the prestigious London Stock Exchange's Green Economy Mark

ATOME Energy (AIM: ATOM), the international company focused on green hydrogen and ammonia production, sales and marketing with current projects in Iceland and Paraguay, is pleased to announce that its entire issued ordinary share capital will today be admitted to trading on the AIM market of the London Stock Market ("Admission"). Dealings will commence at 8:00 a.m. today, Thursday 30 December 2021, under the ticker "ATOM" (ISIN: GB00BP4BSM10). The Company's SEDOL is BP4BSM1. The Company's Admission Document can be viewed at the website of the Company at www.atomeplc.com.

ATOME, as the first and currently only company solely focusing on being a producer of green hydrogen and ammonia to have its shares traded on the London Stock Market, offers investors access not only to potential upstream manufacturing of green hydrogen and ammonia but also through its established in country contacts and shareholder base to the all-important downstream offtake market.

The Directors believe that ATOME has through its carefully planned and implemented business model a significant opportunity to fast track and be at the forefront of the international development of green hydrogen and ammonia as future fuel.

Green hydrogen and ammonia are an essential part of the matrix of renewable energy sources to decarbonise the global economy where they can address hard to abate carbon footprints of industries such as heavy transport, marine and steel and concrete manufacturing as well as enabling the large-scale production of green fertilisers. As such they have been referred to as the swiss army knife of energy providing multiple solutions in sectors where renewable alternatives such as rechargeable batteries have no answer.

In addition to being a valuable part of the armoury in decarbonisation, with the recent significant increase in the prices of fossil fuels which are still used to generate over 95% of hydrogen current production, ATOME's green projects are expected to have significant potential end market cost benefits; one example being in agriculture where ammonia a key component in fertilisers has doubled in price over the last twelve months to over US$1,000 per tonne due directly to the substantial rise in the cost of natural gas.

The Company has accordingly selected its projects to take advantage of available low-cost pure green power in sufficient amounts so as to build businesses of scale in fiscally benign countries with not only domestic demand but which are also located within international trading blocks. ATOME has targeted commencement of production for the first part of 2024 and expects to benefit in the future from the projected reduction in the price of electrolyser and other manufacturing equipment used in the production process combined with the advent of new technologies offering greater economies with an increasing number of suppliers coming into the market providing greater choice and competitive tension for the benefit of purchasers of such equipment.

Key points

Oliver Mussat, CEO of ATOME Energy, commented:

"Today marks an important milestone for both ATOME and the London market's place in the transition to a green economy. ATOME is the first dedicated and currently only company targeting green hydrogen and ammonia production to have its shares traded on London Stock Market, with both commodities expected to play a key role in the decarbonisation of future energy supply.

"We are proud of the award of London Stock Exchange's Green Economy Mark. This prestigious classification represents our commitment as a company to meaningfully mitigate the impacts of climate change and is a clear message to our investors and other stakeholders of the commitment of ATOME in supporting the transition to net zero.

"We have assembled a green-focused Board whose complementary skills and experience across the energy value chain demonstrate that we can deliver these projects. Both Board and management made a material contribution to the fundraise and are thus fully aligned with our new investors. I would like to thank the Board, along with our advisers and significant shareholders including Peter Levine, our Chairman, Trafigura, one of the world's leading commodity, energy and logistics companies, and fund manager Schroders for their continued guidance and support.

"With the funding secured, ATOME is in a position to rapidly progress its projects in Iceland and Paraguay towards Final Investment Decision (or FID) in both countries. The projects both plan to deliver green energy using mature technology and low-cost baseload power which is available on-tap in both locations. Our projects have government support and accessible markets which need green hydrogen and ammonia to reach their net zero targets, and ATOME is positioned to capitalise on this.

"We have an exciting road ahead as nations implement decarbonisation strategies with green hydrogen and ammonia at their heart. We look forward to updating shareholders on ATOME's progress during 2022 with increasing newsflow as we move towards FID, commencing with a live Investor Meet presentation to which all shareholders, analysts and prospective investors will be invited at a date to be announced in January."

For more information, please visit https://www.atomeplc.com or contact:

Capitalised terms used in this announcement and not separately defined shall have the meaning given to them in the Company's Admission Document.

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.

With a strong strategic and institutional base of support, including the international commodity trader and logistics company Trafigura, an in-country management team as well as the Chairman whose interests as the largest shareholder are aligned to those of its shareholders, President Energy gives UK investors access to an energy growth story combined with world class standards of corporate governance, environmental and social responsibility.

Further details on President and Atome can be found on their respective web sites and twitter accounts.

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