Zenith Energy Ltd. announced the launching of a new Bond Exchange Offer on revised terms following the successful conclusion of the first Bond Exchange Offer, as publicly announced on April 11, 2024. The Exchange is directed to the remaining noteholders (the "Noteholders") of the following unsecured debt instruments that matured on January 27, 2024: EUR 10.125% Notes due on 27 January 2024 (XS2108546735), USD 10.300% Notes due on 27 January 2024 (XS2108546651), GBP 10.375% Notes due on 27 January 2024 (XS2108546578), to offer to exchange (the "Exchange Offer") such Outstanding Notes into the following new notes issued by the Company (the "New Notes"): EUR 14.625% Notes due on 21 May 2026 (the "New EUR Notes"), USD 14.800% Notes due on 21 May 2026 (the "New USD Notes"), GBP 14.875% Notes due on 21 May 2026 (the "New GBP Notes").