Stock Option Price Conversion

Serinus Energy plc (“

Serinus

”, “

SEN

” or the “

Company

”) (AIM:SENX, WSE:SEN), announces that following the continuance of the Company to Jersey, Channel Islands and the admission of the Company’s shares to trading on the AIM market of the London Stock Exchange, the Company’s Board of Directors have approved the conversion of the strike price of the outstanding stock options of senior executives and staff from Canadian Dollars per share to Pound Sterling per share. This strike price conversion was set using the GBP/CAD exchange rate at the date of the continuance, this being 03 May 2018.

About SerinusSerinus is an international upstream oil and gas exploration and production company that owns and operates projects in Tunisia and Romania.

For further information, please refer to the Serinus website (www.serinusenergy.com) or contact the following:

Serinus Energy plc  Jeffrey Auld, Chief Executive OfficerCalvin Brackman, Vice President, External Relations & Strategy	[phone]
Numis Securities Limited (Nominated Adviser and Joint Broker)John PriorPaul GillamBen Stoop	[phone]
GMP FirstEnergy(Joint Broker)Hugh SandersonJonathan Wright	[phone]
Camarco(Financial PR)Billy CleggOwen Roberts	[phone]

Forward Looking Statement DisclaimerThis news release includes forward looking information and statements within the meaning of securities laws. Such statements relate to the Corporation’s or management’s objectives, projections, estimates, expectations, or predictions of the future and can be identified by words such as “plans”, “assumes”, “will”, “anticipate” and “may” or variations of such words. These statements are based on certain assumptions and analyses by the Corporation that reflect its experience and understanding of future developments. Such statements are subject to a number of uncertainties, including, but not limited to, continued listing on the Warsaw Stock Exchange and AIM, the Corporation’s ability to realize the anticipated benefits of the delisting and other factors identified in the Corporation’s filings with regulatory authorities in Canada. Many of these uncertainties are beyond the Corporation’s control and, therefore, may cause actual actions or results to differ from those expressed or implied herein. The Corporation disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise, unless required by law.

Translation: This news release has been translated into Polish from the English original.

1	Details  of  the  person  discharging  managerial  responsibilities  /  person  closely associated Reason for the notification
a)	Name		Jeffrey Auld
			Tracy Heck
			Calvin Brackman
			Alexandra Damascan
2	Reason for the notification
a)	Position/status		Jeffrey Auld (Chief Executive Officer)
			Tracy Heck (Chief Financial Officer)
			Calvin Brackman (VP, External Relations & Strategy)
			Alexandra Damascan (President, Serinus Energy Romania SA)
b)	Initial notification		Initial Notification
	/Amendment
3	Details of the issuer,  emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name			Serinus Energy Plc
b)	LEI			549300W183KUX62DVI32
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of  the financial instrument, type of instrument  Identification code			Ordinary Shares of no par value JE00BF4N9R98
b)	Nature of the transaction			Change of strike price of options following delisting from Toronto Stock Exchange and listing on AIM
c)	Price(s) and volume(s)
		PDMR	Volume	Previous strike price (C$)	New strike price (GBP)
		Jeffrey Auld	3,500,000	0.32	0.18
			1,000,000	0.37	0.21
		Tracy Heck	2,750,000	0.37	0.21
		Calvin Brackman	750,000	0.37	0.21
		Alexandra Damascan	250,000	0.37	0.21
d)	Aggregated information- Aggregated volume- Price
		PDMR	Volume	Total aggregate strike value at previous strike price (C$)	Total aggregate strike value at new strike price (GBP)
		Jeffrey Auld	4,500,000	1,490,000	840,000
		Tracy Heck	2,750,000	1,017,500	577,500
		Calvin Brackman	750,000	277,500	157,500
		Alexandra Damascan	250,000	92,500	52,500
e)	Date of the transaction	09 October 2018
f)	Place of the transaction	Off Market