Challenger Energy announced that theinvestment in the Company by Charlestown Energy Partners LLC has completed on terms and conditions as previously announced, and that Mr. Robert Bose, Managing Member of Charlestown, has joined the Board of the Company. Mr. Robert Bose (a member of the Charlestown oversight committee andcurrently Chief Executive Officer of Sintana Energy Inc) has been appointed as a Non-Executive Director of the Company, with immediate effect. Since 2016, Mr. Bose has held sole oversight and responsibility for Charlestown, a private investment vehicle dedicated to investments globally in the energy and metals sectors.

Mr. Bose's role encompasses the origination, diligence, execution, and oversight of both direct private equity and public investments. Additionally, Mr. Bose currently serves as Chief Executive Officer and a Board Member of Sintana Energy Inc, a significant investment within the Charlestown portfolio, as well as serving on the operating committee and Board of Directors for other private and public portfolio companies. Mr. Bose manages and maintains a wide range of relationships expected to be of value to the Company, including those with other family offices, private equity providers, financing partners, and management teams. Mr. Bose, aged 51 years, holds no shares in Challenger Energy plc buthas control over Charlestown's investment in the Company which, on Conversion, will represent an approximately 8.7% interest in the Company's enlarged share capital.

Mr. Bose is or has been a director of the following companies during the five years preceding the date of this announcement: Current directorships /partnerships: Auro USA Inc; Black Bayou Energy Hub LLC; Charlestown Energy Partners LLC; Sintana Energy Inc. and; New Zealand Energy Corp. Past directorships /partnerships within the last five years: Buzzards Bench Holdings LLC.