Petroneft Resources Plc

Board/Management Information • Apr 26, 2016

National Storage Mechanism | Additional information

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RNS Number : 3388W

Petroneft Resources PLC

26 April 2016

PetroNeft Resources plc

("PetroNeft" or the "Group" or the "Company")

Directors Declaration

Pursuant to Schedule 2, Paragraph g of the AIM Rules and ESM Rules, Petroneft notifies the following in relation to Mr Maxim Korobov (age 58), Mr Anthony Sacca (age 43) and Mr David Sturt (age 53) (collectively the "New Directors") who were appointed as directors of the Company on 25 April 2016.

The New Directors hold or have held, outside the Group, the following directorships, and/or are or were members of the following partnerships, within the five years prior to the date of this announcement:

Name of Director	Current Directorships/Partnerships	Previous Directorships/Partnerships
Maxim Korobov	AeroGlobe LLC	-
	Sibgasoil Investments Ltd
Anthony Sacca	Karri Tree Investments	Rolf Group
	Emex Group	Specta Group
David Sturt	AzEire Petroleum Ltd	VistaTex
	PetroSibir AB	PetroGrand AB
	VTX Energy

Natlata Partners Limited holds an aggregate interest in 208,429,458 ordinary shares of €0.01 each which represents 29.47%* of the issued share capital of PetroNeft.  Mr. Maxim Korobov is the 100 per cent. beneficial owner of Natlata Partners Limited.

There is no further information to be disclosed in respect of the New Directors as required by Schedule 2, Paragraph g, of the AIM and ESM rules for companies.

*This percentage shareholding is based on a shares in issue figure of 707,245,906 ordinary shares.

For further information, contact:

Dennis Francis, CEO, PetroNeft Resources plc	+1 713 988 2500
Paul Dowling, CFO, PetroNeft Resources plc	+353 1 647 0280
John Frain/Brian Garrahy, Davy (NOMAD and Joint Broker)	+353 1 679 6363
Henry Fitzgerald-O'Connor, Canaccord Genuity Limited (Joint Broker)	+44 207 523 8000
Martin Jackson/Shabnam Bashir, Citigate Dewe Rogerson	+44 207 638 9571
Joe Heron / Douglas Keatinge, Murray Consultants	+353 1 498 0300

This information is provided by RNS

The company news service from the London Stock Exchange

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