October 2018

RockRose Energy Plc

Disclaimer

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This presentation and its enclosures and appendices (the “presentation”) have been prepared by RockRose Energy plc (the “Company”) exclusively for information purposes. This presentation has not been reviewed or registered with any public authority. This presentation is confidential and may not be reproduced, further distributed to any other person or published, in whole or in part, for any purpose. By viewing this presentation, you agree to be bound by the foregoing restrictions and the other terms of this disclaimer.

This presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities.

The distribution of this presentation and any offering, subscription, purchase or sale of securities issued by the Company in certain jurisdictions is restricted by law. Persons into whose possession this presentation may come are required by the Company to inform themselves about and to comply with all applicable laws and regulations in force in any jurisdiction in or from which it invests or receives or possesses this presentation and must obtain any consent, approval or permission required under the laws and regulations in force in such jurisdiction, and the Company shall not have any responsibility or liability for these obligations.

The contents of this presentation are not to be construed as legal, business, investment or tax advice. Each recipient should consult with its own legal, business, investment and tax adviser as to legal, business, investment and tax advice. In making an investment decision, investors must rely on their own examination of the Company and the terms of any investment in the Company, including the merits and risks involved. Although reasonable care has been taken to ensure that the facts stated in this presentation are accurate and that the opinions expressed are fair and reasonable, the contents of this presentation have not been verified by the Company or any other person. Accordingly, no representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information and opinions contained in this presentation, and no reliance should be placed on such information or opinions

▪ Non-operated North Sea production oriented oil and gas independent founded in July 2015

▪ Listed on the London Stock Exchange (Main Market)

▪ Company built to date through the acquisition, predominantly of Idemitsu Petroleum UK and Dyas B.V.during 2017-18

▪ Strategy of creating value through:

▪ Acquiring producing assets that are ‘non core’ to the vendors

▪ Maximising economic recovery in current asset portfolio

▪ Focused on discovered assets and maximising recovery

▪ Diversified portfolio of low risk producing assets

▪ 2018 pro forma production of 11,300 boepd which can be sustained through to 2025 based on existing asset base alone

▪ YE 2017 reserves;

▪ 1P PDP + 1P PUD 26.6 mmboe,

▪ 2P + 2C of 55.9 mmboe reserves & resources1

▪ Attractive cost level with group 2018 lifting cost of circa $26/boe (inc G&A)

▪ Oil - $30/boe Gas - $20/boe

▪ Recently announced the acquisitions:▪ Acquisition of 100% of Dyas B.V.

▪ €106m purchase price with an effective date 1 January 2018

▪ Transaction adds 6,000 boepd, 13 mmboe 1P reserves

▪ 7.2 mmboe potential upside in reserves and resources

▪ Funded from existing resources

▪ Acquisition of 30.4% of Arran Development

▪ Nominal consideration

▪ Development asset with Shell and Dyas

▪ Adds 2C resources (which become reserves on sanction) of 8.7 mmboe

▪ CAPEX funded from existing cash flow

▪ FDP & FID will be sanctioned in October

1companies estimates

RockRose Energy – Introduction

ProductionRoss,

Blake & Tain

Galley, B-Block, Nelson & Howe

Tors, Seven Seas, Galahad &

Mordred

Grove

UK asset portfolio

Netherlands asset portfolio

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Reserves & Resources as at 01.01.18

Experienced Management Team and Organisation

• 15 employees tailored to RockRose’s non-operated business based in company HQ in London

▪ Technical and Operational capabilities

▪ Commercial, Business Development, Asset Management, Engineering, Geophysicist, Petroleum Engineer, Finance and Accounts

▪ Strong partner relationships & asset stewardship, FPSO & Platform operations, Field Development, Capital Investment projects

▪ Principles have previously helped develop assets for Nexen, Glencore, Shell, BP, Tullow, IGas, Mobil, PanCandian

▪ Modular approach to external skills when required through individual contractors who management have worked with before and ERC Equipoise, Petrenel and Crondal

• Management team

▪ Directors and Management have worked together since 2009

▪ Team has completed 20 acquisitions and debt/equity financing in the last 10 years.

• Management and staff financially aligned with shareholders

▪ Management, have to date, acquired 26.3% of the company

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Management and Board with Solid Track Record Supported by an Experienced Organisation

Andrew Austin | Executive Chairman

▪ Founder of RockRose Energy

▪ Previous experience as co-founder and CEO of IGas Energy (2004-15)

▪ Prior to founding IGas, Andrew spent 17 years working at Merrill Lynch, Nomura, Citibank and Barclays

Peter Mann | Managing Director

▪ Joined RockRose in 2017 after having spent five years with IGas

▪ While at IGas, Peter was responsible for business development and implementing restructuring strategy in the difficult oil price environment

Stephen Pawson | Finance Director

▪ More than 35 years of experience from the oil and gas industry

▪ Experience from, inter alia, Philips Petroleum, ARCO and Star Energy

▪ Stephen has extensive experience of fund raisings, refinancing projects, acquisitions, restructurings and IPO

Richard Benmore | Non Executive Director:

▪ More than 30 years experience from the oil and gas industry from companies including Conoco, Oryx Energy, Nimir Petroleum, Nexenand IGas.

John Morrow | Non Executive Director:

▪ More than 30 years experience in the oil and gas industry, Currently head of E&P at Glencore plc.

Share Price Performance and Share Register

Major ShareholdersShare Price Performance

Director’s and Senior Management Shareholding

Rebased to RockRose share price

Trading halted Trading halted

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Strategy Demonstrated

Company History

Jul. 2015

Company established

Mar. 2017

Agreed to acquire Egerton Energy Ventures for £1.0m

Aug. 2017

Agreed to acquire Sojitz Energy for £2.5m

Oct. 2017

Agreed to acquire IdemitsuUK for £29.7m

May 2018

Agreed to acquire of DyasB.V. for €107m

£23m capital distribution, returning all invested capital to shareholders

£5m capital raise at £50p per share

£8m capital raise at £150p per share

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Feb 2018

Feb 2018 Aug 2018July 2017

Agreed to acquire Dana’s 30.4% interest in Arran development

Jan. 2016

Diversified Asset Portfolio Across the UK and Netherlands

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▪ 5,300 boepd forecasted production 2021▪ 8.7 mmboe reserves upon sanction

Key

ass

ets

Blake(WI: 30.8%)

Tain(WI: 50%)

A/B Blocks(WI:14.6%1)

K Blocks(WI: 11.7%)

Oth

er

Picture

▪ 3,000 boepd Avg 2018 production▪ 15.8 mmboe 2P reserves and 2C resources

▪ High value development with 6.7 mmboe 2C▪ Links into existing Blake & Ross infrastructure

▪ 3,000 boepd Avg 2018 production▪ 11.3 mmboe 2P reserves

▪ 1,400 boepd Avg 2018 production▪ 4.6 mmboe 1P reserves

In addition RockRose has interests in further producing fields which add 3,900 boepd of production from a reserve base of 9.5 mmboe

Arran(WI: 30.4%)

ProductionRoss,

Blake & Tain

Galley, B-Block, Nelson & Howe

Tors, Seven Seas, Galahad &

Mordred

Grove

UK asset portfolio

Netherlands asset portfolioReserves & Resources as at

01.01.18

• Diversified portfolio with balance of oil & gas

• Cash generative with significant debt capacity

• No legacy issues

• Positioned to continue to deliver an organic and acquisition based strategy

Delivering discovered hydrocarbons

Summary

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