Tuesday 15 February 2022

With reference to the Company’s RNS of 14 January 2022, in which Global announced the judgement of the European Court in its favour, Global also noted the expected publication of the Hydrocarbon Plan for future exploration and development in Italy. The Company has been informed that the

Hydrocarbon Plan (“PITESAI” in Italian) was published and came into legal effect on Friday 11 February. Global and its advisers will undertake a detailed study of the Hydrocarbon Plan, with particular reference to the Company’s four permit applications in the Southern Adriatic. The Company will also take further advice as to the process and timing for implementation of the Hydrocarbon Plan.

Having done so, the Company will assess its options in relation to the Permit Applications and make a further announcement accordingly.

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