Bahamas Petroleum Company PLC Bahamian Mutual Fund Update (4119C)

TIDMBPC

RNS Number : 4119C

Bahamas Petroleum Company PLC

10 February 2020

Bahamas Petroleum Company plc

("Bahamas Petroleum" or the "Company")

Bahamian Mutual Fund Update

On 6 January 2020, the Company advised of the launch of a Bahamian incorporated mutual fund (the "Fund"), established for the purposes of enabling qualified Bahamian investors to share in the outcome of the Company's project to explore for hydrocarbons in The Bahamas, should they so wish. The fund is being managed by Leno Corporate Services Limited ("Leno") under the terms of the Fund Investment Memorandum. A copy of the Fund Investment Memorandum can be found on Leno's website at www.lenobahamas.com.

At the request of Leno, an administrative extension of the initial subscription period of 3 days has been implemented which will now end at 17:00 EST on Wednesday 12(th) February 2020.

For further information, please contact:

Bahamas Petroleum Company plc

Simon Potter, Chief Executive Officer

Tel: +44 (0) 1624 647 882

Strand Hanson Limited - Nomad

Rory Murphy / James Spinney / Jack Botros

Tel: +44 (0) 20 7409 3494

Shore Capital Stockbrokers Limited

Jerry Keen / Toby Gibbs

Tel: +44 (0) 207 408 4090

CAMARCO

Billy Clegg / James Crothers

Tel: +44 (0) 20 3757 4983

www.bpcplc.com

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