Result of Extraordinary General Meeting (‘EGM’)

The Board of Directors of EnQuest announce that at the EGM held earlier today, the required majority of EnQuest shareholders voted in favour of the proposed acquisition by EnQuest Dons Limited (a wholly owned subsidiary of EnQuest), of a further 15% interest in UKCS blocks 9/2b and 9/2c including the Kraken oil discovery from First Oil and Gas Limited, for a total consideration of up to US$144 million by way of a development carry. Completion of the acquisition is subject to final regulatory and partner consents.