CASPIAN SUNRISE PLC

AGM Information • Apr 22, 2022

National Storage Mechanism | Additional information

RNS Number : 0754J

Caspian Sunrise plc

22 April 2022

CASPIAN SUNRISE PLC

Proposed cancellation of the share premium account and

the deferred shares

The Board of Caspian Sunrise is pleased to announce that at the General Meeting held earlier today the resolutions to cancel the Company's Share Premium account and its Deferred Shares were carried with majorities of in excess of 99%.

The next step to be able to pay a dividend is to be obtain the confirmation of the High Court.

Following the implementation of the share premium cancellation and the deferred shares cancellation there would be no change in the nominal value of the Company's ordinary shares or the number of ordinary shares in issue. The share premium cancellation and the deferred shares cancellation themselves will not involve any distribution or repayment by the Company and will not reduce the underlying net assets of the Company.

EXPECTED TIMETABLE

Expected date for the directions hearing from the High Court to consider the Company's claim for the Share Premium Cancellation and the Deferred Share Cancellation	27 May 2022
Expected date for the hearing for the High Court to confirm the Share Premium Cancellation and Deferred Share Cancellation	21 June 2022
Expected date that the Share Premium Cancellation and the Deferred Share Cancellation will become effective	Expected to be the business day following the Court order confirming the Share Premium Cancellation and Deferred Shares Cancellation

Notes:

1.         The times and dates are based on the Company's current expectations and are subject to change. The times and dates are indicative only and will depend, among other things, on the date on which the High Court of England and Wales confirms the share premium cancellation and the deferred shares cancellation. The provisional directions hearing date and final hearing date are subject to change and dependent upon the High Court.

2.         The timetable assumes that there is no adjournment of the general meeting. If the date scheduled for the General Meeting changes, the revised date and / or time will be notified to Shareholders by a further Shareholder letter.

3.         All times shown are London times unless otherwise stated.

Contacts

Caspian Sunrise PLC

Clive Carver

Executive Chairman                                                               +7 727 375 0202

WH Ireland, Nominated Adviser & Broker

James Joyce                                                                          +44 (0) 207 220 1666

Andrew de Andrade

This announcement has been posted to:

www.caspiansunrise.com/investors

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the “UK MAR”) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company’s obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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