Genel Energy PLC: Notice of dividend currency exchange rate

29 May 2019

Genel Energy plc

Notice of dividend currency exchange rate

On 16 May 2019, shareholders in Genel Energy plc ('the Company') approved a dividend distribution of 10 US cents per ordinary share, to be converted into pounds sterling at the spot rate prevailing on 24 May 2019 and paid to the shareholders on the register at the close of business on that date (the record date), in relation to the year ending 31 December 2018.

The Company announces that the Bloomberg spot rate used to convert US dollars into pound sterling at 18:30 London time on 24 May 2019 was $1:£0.7859, and hence a dividend of 7.859p per share will be paid on 24 June 2019.

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Notes to editors:

Genel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL, LEI: 549300IVCJDWC3LR8F94). The Company, with headquarters in London and offices in Ankara and Erbil, is one of the largest London-listed independent oil producers, and is the largest holder of reserves and resources in the Kurdistan Region of Iraq. Genel has highly cash-generative oil production from the Taq Taq and Tawke licences, with material growth potential from other assets in the portfolio. Genel also continues to pursue further growth opportunities. For further information, please refer to www.genelenergy.com.