EnQuest PLC ("EnQuest" or the "Company")

Voting results of the Annual General Meeting held on 5 June 2023

EnQuest announces that at the Company's Annual General Meeting held today, all resolutions set out in the Notice of Annual General Meeting and put to the meeting were passed by the requisite majority by way of a poll.

The results of the poll are set out below. The number of ordinary shares in issue is 1,885,924,339.

Resolution For * % Against % Withheld
**
1 Annual Report & 893,535,854 99.95 469,813 0.05 4,634,354
Accounts 2022
The Directors
are required
to lay the
Annual Report
and Accounts
before the
shareholders
each year at
the AGM,
including the
reports of
the Directors
and Auditor.
2 Re-election of 877,132,916 97.61 21,489,151 2.39 17,954
Amjad Bseisu
3 Election of 897,233,764 99.86 1,259,153 0.14 147,104
Salman Malik
4 Election of 889,007,532 98.94 9,487,484 1.06 145,005
Gareth Penny
5 Re-election 827,571,564 92.11 70,921,353 7.89 147,104
Farina Khan
6 Re-election of 888,099,235 99.23 6,852,314 0.77 3,688,472
Rani Koya
7 Re-election of 895,883,440 99.71 2,600,576 0.29 156,005
Liv Monica
Stubholt
The Directors
have the
power to
appoint a
Director
during the
year but any
person so
appointed
must stand
for election
at the next
AGM.  A
retiring
Director is
eligible to
stand for re
-election
and, in
accordance
with best
practice,
each
continuing
Director
stands for
election or
re-election
at each AGM. 
Salman Malik
and Gareth
Penny stood
for election
having both
been
appointed
during the
year.  Amjad
Bseisu,
Farina Khan,
Rani Koya and
Liv Monica
Stubholt
stood for re
-election.
Carl Hughes,
John
Winterman and
Howard Paver
did not stand
for re
-election
and,
accordingly,
have stepped
down from the
Board
following the
conclusion of
the 2023 AGM.
8 Re-Appointment 898,123,993 99.96 377,965 0.04 138,063
of auditor
9 Authority to set 898,007,077 99.95 487,603 0.05 145,341
auditor
remuneration
The above
resolutions
serve to re
-appoint
Deloitte LLP
as auditor of
the Company
to hold
office from
the
conclusion of
the AGM until
the
conclusion of
the next AGM,
at which
accounts are
laid before
the Company,
and to
authorise the
Audit
Committee to
set the
auditor's
remuneration.
10 Directors' 765,121,393 85.73 127,331,465 14.27 6,187,163
Remuneration
Report
This
resolution
approves the
Directors'
Remuneration
Report, other
than the part
containing
the
Directors'
Remuneration
Policy for
the financial
year ended 31
December
2022. The
current
Directors'
Remuneration
Policy was
approved at
the 2021
AGM.  The
Report gives
details of
the payments
and share
awards made
to Directors
during the
year ended 31
December
2022.  This
resolution
constituted
an advisory
vote and no
entitlement
of a Director
to
remuneration
is
conditional
upon it.
11 Political 893,887,182 99.88 1,053,618 0.12 3,699,221
Donations
The Company
does not
make, nor
intends to
make, any
political
expenditure
or
donations. 
However, the
Directors
decided to
seek
shareholders'
authority for
political
expenditure
and donations
incurred by
the Company
and its
subsidiaries
as the
definition of
political
expenditure
and donations
under the
Companies Act
is very broad
and could
encompass
activities in
the normal
course of
business. 
The authority
is capped at
£60,000 for
the year and
expires at
the next AGM
or 30 June
2024, if
earlier.
12 Authority to 894,029,107 99.49 4,602,507 0.51 8,407
allot shares
Directors may
only allot
shares and
grant rights
to subscribe
for, or
convert any
security
into, shares
if authorised
to do so.
 This
resolution
allows
Directors to
allot
ordinary
shares up to
one-third of
the existing
share capital
or two-
thirds of the
existing
share capital
in connection
with a rights
issue.  This
authority
will expire
at the
conclusion of
the next AGM
or 30 June
2024, if
earlier.
13*** Disapplication 883,995,569 98.39 14,466,626 1.61 177,826
of pre-emption
rights
This
resolution
permits the
Directors to
allot equity
securities or
sell treasury
shares for
cash and
otherwise
than to
existing
shareholders
pro rata to
their
holdings up
to 5% of the
Company's
issued share
capital as at
27 April
2023.  This
authority
will expire
at the next
AGM or 30
June 2024, if
earlier.
14*** Authority to 894,697,737 99.58 3,791,006 0.42 151,278
purchase own
shares
This
resolution
gives the
Company
authority to
purchase its
own shares in
the market up
to a limit of
10% of its
issued
ordinary
share
capital. This
authority
will expire
at the next
AGM or 30
June 2024, if
earlier.
15*** Authority to 877,500,726 97.66 20,996,895 2.34 142,400
call a general
meeting not less
than 14 days'
notice
This
resolution
permits the
Company to
call a
general
meeting,
other than an
Annual
General
Meeting, on
short notice,
provided
electronic
voting is
made
available to
all
shareholders
for that
meeting.

* Includes discretionary votes
** A vote withheld is not a vote in law and is not counted for the purposes of the calculation of the proportion of votes 'For' or 'Against' a resolution
*** Indicates a Special Resolution

The full text of each resolution can be found in the Notice of Meeting which is available on the Company's website, www.enquest.com

The Company will submit to the National Storage Mechanism copies of the Resolutions passed at the Annual General Meeting and these will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism

EnQuest remains focused on its strong balance sheet and its ongoing deleveraging strategy. As part of this financial policy, the Group will continue to assess funding opportunities to optimise the capital structure and manage its debt facilities, including engagement with sterling fixed income investors regarding a tap issue and exchange offer related to its retail bonds, which may follow subject to market conditions.

ENDS

For further information please contact:

EnQuest PLC                                                                                  Tel: +44 (0)20 7925 4900

Chris Sawyer (Company Secretary)

Notes to editors

ENQUEST
EnQuest is providing creative solutions through the energy transition. As an independent production and development company with operations in the UK North Sea and Malaysia, the Group's strategic vision is to be the operator of choice for maturing and underdeveloped hydrocarbon assets by focusing on operational excellence, differential capability, value enhancement and financial discipline.
EnQuest PLC trades on both the London Stock Exchange and the NASDAQ OMX Stockholm.
Please visit our website www.enquest.com for more information on our global operations.

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