REG - Riverstone Energy Ld - Change of Audit Committee Chair

Riverstone EnergyAnnouncement

02/01/2024 07:00

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RNS Number : 2709Y  Riverstone Energy Limited  02 January 2024

LEI: 213800HAZOW1AWRSZR47

2 January 2024

Riverstone Energy Limited

Change of Audit Committee Chair

Receipt of Proceeds

Riverstone Energy Limited ("REL") is pleased to announce that John Roche will
succeed Patrick Firth as Chair of the Audit Committee of the Board of
Directors with effect from 1 January 2024.  Patrick Firth will remain as a
Non-Executive Director and Senior Independent Director and a member of the
Audit Committee, a member of the Management and Engagement Committee and a
member of the Nomination and Remuneration Committee and will be retiring
before the Company's next Annual General Meeting in 2024.

The disposal of REL's investment in Hammerhead Energy Inc. to Crescent Point
Energy Corp. ("Crescent Point") completed on 22 December 2023 and REL has now
received cash proceeds of US$173,163,643 and 8,301,862 shares of Crescent
Point common equity.

As announced on 7 November 2023, REL is exploring the most efficient means of
returning its excess capital to shareholders.  The distribution of capital
requires both the consent of the Board of Directors and the Company's
investment manager, RIGL Holdings LP ("RIGL").  The Board and RIGL are in
discussions on how best to progress a distribution of capital.

For further information:

For Riverstone Energy Limited

Josh Prentice

+44 20 3206 6300

J.P. Morgan Cazenove - Joint Corporate Broker

William Simmonds

Jeremie Birnbaum

+44 (0) 203 493 8000

Deutsche Numis - Joint Corporate Broker

Hugh Jonathan

Matt Goss

+44 (0) 20 7260 1000

About Riverstone Energy Limited

REL is a closed-ended investment company which invests in the energy industry
that has since 2020 been exclusively focussed on pursuing and has committed
$211 million to a global strategy across decarbonisation sectors presented by
Riverstone's investment platform.  REL's ordinary shares are listed on the
London Stock Exchange, trading under the symbol RSE.  REL has 14 active
investments spanning decarbonisation, oil and gas, renewable energy and power
in the Continental U.S., Western Canada, Europe and Australia.

For further details, see www.RiverstoneREL.com (http://www.RiverstoneREL.com)
.

Neither the contents of Riverstone Energy Limited's website nor the contents
of any website accessible from hyperlinks on the websites (or any other
website) is incorporated into, or forms part of, this announcement.

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