23 June 2017

Echo Energy plc

("Echo" or the "Company")

Holdings in Company

Echo Energy, the South American focused upstream oil & gas company has been advised that Greenberry plc, the Company's Cornerstone Investor, has executed the following pre-planned transactions to distribute its equity and warrant position amongst a broad portfolio of pre-identified Institutional Investors, as follows:

61,538,462 warrants exercisable at 3.0 pence per warrant sold to an Institutional Investor on 23^rd June 2017 for a price of GBP 0.0001 per warrant;

138,749,177 warrants exercisable at 15.175 pence per warrants, sold to a number of Institutional and Corporate Investors on 23^rd June 2017 in two tranches being 30,431,634 transferred at nil consideration and 108,317,352 transferred for a consideration of GBP 108,318;

In addition, Greenberry has sold 26,745,910 shares on 23^rd June 2017 for a total consideration of GBP 447,994. 

As a result of the above transactions Greenberry now holds 40,118,865 shares totalling 11.1% of the Company's voting rights and 30,653,292 warrants.

The information contained within this announcement is considered to be inside information prior to its release as defined in Article 7 of the Market Abuse Regulation No. 596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.