RNS Number : 9699P
Mast Energy Developments PLC
12 October 2023

A black and red text on a black background Description automatically generatedMast Energy Developments PLC

(Incorporated in England and Wales)

(Registration Number: 12886458)

LEI :213800HFVHGJ9YGO9F71

Share code on the LSE: MAST

ISIN: GB00BMBSCV12

("MED" or "the Company")

Mast Energy Developments PLC

Dated: 12 October 2023

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) i


1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at- tached ii:

Mast Energy Developments PLC

1b. Please indicate if the issuer is a non-UK issuer(please mark with an "X" if appropriate)

Non-UK issuer


2. Reason for the notification(please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights


An acquisition or disposal of financial instruments


An event changing the breakdown of voting rights


Other (please specify) iii:


3. Details of person subject to the notification obligation iv

Name

Strategic Energy Ventures Limited

City and country of registered office (if applicable)

London, England

4. Full name of shareholder(s)(if different from 3.) v

Name

Aurora Nominees Limited

5. Date on which the threshold was crossed or reached vi:

12/10/2023

6. Date on which issuer notified (DD/MM/YYYY):

12/10/2023

7. Total positions of person(s) subject to the notification obligation


% of voting rights at- tached to shares (to- tal of 8. A)

% of voting rights through financial instru- ments

(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Resulting situation on the date on which threshold was crossed or reached

2.97%

n/a

2.97%

7,830,000

Position of previous notification (if applicable)

3.01%

n/a

3.01%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii

A: Voting rights attached to shares

Class/type of shares

ISIN code (if possible)

Number of voting rights ix

% of voting rights

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

Direct

(DTR5.1)

Indirect

(DTR5.2.1)

GB00BMBSCV12

7,830,000

n/a

7,830,000%

n/a






SUBTOTAL 8. A

7,830,000

2.97%


B 1: Financial Instruments according to DTR5.3.1R (1) (a)

Type of financial in- strument

Expiration date x

Exercise/ Conversion Period xi

Number of voting rights that may be acquired if the instrument is exercised/converted.

% of voting rights







SUBTOTAL 8. B 1



B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)

Type of financial instrument

Expiration date x

Exercise/ Conversion Pe- riod xi

Physical or cash Settlement xii

Number of voting rights

% of voting rights








SUBTOTAL

8.B.2



9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii


Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) xiv


Name xv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial in- struments if it equals or is higher than the

notifiable threshold

Total of both if it equals or is higher than the notifiable threshold






10. In case of proxy voting, please identify:

Name of the proxy holder


The number and % of voting rights held


The date until which the voting rights will be held


Place of completion

United Kingdom

Date of completion

11/10/2023

For further information please visit www.med.energy or contact:

Pieter Krügel

Info@med.energy

Mast Energy

Developments PLC

CEO

Jon Belliss

+44 (0)20 7399 9425

Novum Securities

Corporate Broker

Zainab Slemang van Rijmenant

zainab@lifacommunications.com

Lifa Communications

Investor & Media Relations Advisor

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