Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). With the publication of this announcement, this information is now considered to be in the public domain.

Cabot Energy Plc

('Cabot Energy', the 'Group' or the 'Company')

Result of Open Offer

Cabot Energy (AIM: CAB) announces the results of the recent Open Offer undertaken at a price of 5 pence per share, on the basis of one Open Offer Share for every eight Existing Ordinary Shares.

The Open Offer closed for acceptances at 11:00 a.m. on 16 January 2018 and the Company announces that it has received valid acceptances in respect of 21,634,406 Open Offer Shares from Qualifying Shareholders, representing 54.8 per cent. of the available Open Offer Shares. The Company has therefore raised aggregate gross proceeds of £1,081,720.30 through the Open Offer. Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Open Offer application.

Application has been made for the 21,634,406 Open Offer Shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective at 08:00 a.m. on 18 January 2018.

Following the issue of the Open Offer Shares, Cabot Energy will have 648,459,524 ordinary shares of 1p each in issue, which will also represent the total number of voting rights in the Company. This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used in this announcement shall have the meaning ascribed to them in the circular that was sent to shareholders on 19 December 2017 unless the context otherwise requires.

For further information please contact:

Cabot Energy Plc

+44 (0)20 7469 2900

Keith Bush, Chief Executive Officer

Nick Morgan, Finance Director

SP Angel Corporate Finance LLP

+44 (0)20 3470 0470

Nominated Adviser and Joint Broker

Richard Morrison, Richard Redmayne, Charlie Bouverat

FTI Consulting

+44 (0)20 3727 1000

Financial PR

Edward Westropp

Cabot Energy plc published this content on 17 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 January 2018 07:24:08 UTC.

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