Rockhopper Exploration plc
(“Rockhopper” or the “Company”)

Ombrina Mare arbitration update

Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland
Basin, provides the following update on its international arbitration against the Republic of Italy in relation to the Ombrina Mare field.

Further to the Company’s announcement of 31 March 2021, the Tribunal has today provided the following update:

“The Tribunal anticipates that it should be in a position to render its award* in the course of July. The Tribunal will revert to the Parties towards the end of June to confirm this timeframe.”

Rockhopper continues to believe it has strong prospects of recovering very significant monetary damages – on the basis of lost profits – as a result of the Republic of Italy’s breaches of the Energy Charter Treaty. All costs associated with the arbitration are funded on a non-recourse (“no win – no fee”) basis from a specialist arbitration funder.

A further update will be provided in due course.

*Note: under the International Centre for Settlement of Investment Disputes (ICSID) rules the Tribunal’s decision is referred to as an “award.”


Rockhopper Exploration plc
Sam Moody – Chief Executive Officer
Stewart MacDonald – Chief Financial Officer
Tel. +44 (0) 20 7390 0234 (via Vigo Consulting)

Canaccord Genuity Limited (NOMAD and Joint Broker)
Henry Fitzgerald-O’Connor/James Asensio
Tel. +44 (0) 20 7523 8000

Peel Hunt LLP (Joint Broker)
Richard Crichton
Tel. +44 (0) 20 7418 8900

Vigo Consulting
Patrick d’Ancona/Ben Simons
Tel. +44 (0) 20 7390 0234