TR-1 Notification

January 31, 2025

ZENITH ENERGY LTD.

("Zenith" or the "Company")

TR-1 Notification

Zenith Energy Ltd. ("Zenith" or the "Company") (LSE: ZEN; OSE: ZENA; OTC PINK: ZENAF), the listed international energy production and development company, announces that it has today received the TR-1 Notification set out below without amendment.

TR-1: Standard form for notification of major holdings

1. Issuer Details
ISIN
CA98936C8584
Issuer Name
Zenith Energy Ltd
UK or Non-UK Issuer
Non-UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Premier Miton Group plc
City of registered office (if applicable)
GUILDFORD
Country of registered office (if applicable)
United Kingdom
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

5. Date on which the threshold was crossed or reached
29-Jan-2025
6. Date on which Issuer notified
31-Jan-2025
7. Total positions of person(s) subject to the notification obligation
. % of voting rights attached to shares (total of 8.A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached 3.026122 0.000000 3.026122 7540709
Position of previous notification (if applicable) 5.67% 5.67%
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of shares ISIN code(if possible) Number of direct voting rights (DTR5.1) Number of indirect voting rights (DTR5.2.1) % of direct voting rights (DTR5.1) % of indirect voting rights (DTR5.2.1)
CA98936C8584 7540709 3.026122
Sub Total 8.A 7540709 3.026122%
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial instrument Expiration date Exercise/conversion period Number of voting rights that may be acquired if the instrument is exercised/converted % of voting rights

Sub Total 8.B1
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
Type of financial instrument Expiration date Exercise/conversion period Physical or cash settlement Number of voting rights % of voting rights

Sub Total 8.B2
9. Information in relation to the person subject to the notification obligation
2. 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 entities (please add additional rows as necessary)
Ultimate controlling person Name of controlled undertaking % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold
Premier Miton Group plc Premier Miton Group Plc
Premier Miton Group plc Premier Asset Management Midco Ltd
Premier Miton Group plc Premier Asset Management Holdings Ltd
Premier Miton Group plc Premier Asset Management Limited
Premier Miton Group plc Premier Investment Group Ltd
Premier Miton Group plc Premier Fund Managers Ltd 3.026122 3.026122%
10. In case of proxy voting
Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

12. Date of Completion
31-Jan-2025
13. Place Of Completion
Guildford, UK