NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR
INTO, THE UNITED STATES OF AMERICA, AUSTRALIA, BELARUS, CANADA, HONG KONG,
JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND OR
ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD
BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURE.

Zenith announces the outcome of its offering of Swedish Depository Receipts in
connection with the planned listing on Spotlight Stock Market - trading is
expected to commence on October 7, 2025

The subscription period in Zenith Energy Ltd.'s ("Zenith" or the "Company")
(LSE: ZEN