Share Talk Ltd

Highlights Corporate · Completed the return of approximately US$35.3 million to shareholders during the first half of 2020 delivering on the Company's commitment to shareholder returns. · Oisin Fanning, CEO, purchased 98 million shares in the Company, taking his interest to approximately 24%, on 7 May 2020. · Adekolapo Ademola joined the Company as Non-Executive Director on 7 April 2020 as a designate of Midwestern Oil & Gas Company Ltd. Bill Higgs and Mark Phillips resigned as Non-Executive Directors in May and June 2020 respectively. · The Company entered into an agreement dated 6 April 2020 amending the existing Loan Notes Instrument (the "Amendment") between San Leon and Midwestern Leon Petroleum Limited ("MLPL"). Under the terms of the Amendment, US$40.0 million was received immediately by San Leon, with the remaining balance payable being approximately US$82.2 million plus interest. A further US$10.0 million is expected to be settled on or before 6 October 2020, with the balance of th