PETRO MATAD LIMITED

Declaration of Voting Results & Voting Rights Announcements • Aug 5, 2021

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RNS Number : 7279H

Petro Matad Limited

05 August 2021

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY PETRO MATAD LIMITED TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF UNITED KINGDOM DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

5 August 2021

Petro Matad Limited

Voting Results from EGM

Petro Matad Limited (AIM: Matad) ("Petro Matad" or the "Company"), the AIM quoted Mongolian oil company, is pleased report that at the Extraordinary General Meeting of shareholders held on 5 August 2021 earlier today, all resolutions were duly passed. Accordingly, the Company can now proceed to complete the previously announced Open Offer and Subscriptions. The poll voting results for the Ordinary Resolutions and Special Resolutions are as follows:

EGM Voting Results

Ordinary Resolution	Votes For		Votes Against		Votes Withheld
	Number	Percent (%)	Number	Percent (%)
1.  Allot new Ordinary Shares in connection with Open Offer and Subscriptions	194,313,808	99.41	1,152,555	0.59	61,298
2.  Grant new authority to allot Ordinary Shares	194,313,808	99.41	1,152,555	0..59	61,298

Special Resolutions	Votes For		Votes Against		Votes Withheld
	Number	Percent (%)	Number	Percent (%)
3. Disapply pre-emption rights in connection with the allotment of new Ordinary Shares pursuant to the Open Offer and Subscriptions	194,138,808	99.32	1,327,555	0.68	61,298
4. Disapply pre-emption rights	194,243,093	99.37	1,222,643	0.63	61,925

The Company will now proceed to allot and issue 2,169,649 new Ordinary Shares pursuant to the Open Offer and 45,384,218 new Ordinary Shares pursuant to the Subscriptions. It is expected that admission of these shares to trading on AIM will occur, and that dealings will commence, at 8.00 a.m. on 6 August 2021.

Total Voting Rights

Following Admission, Petro Matad will have 898,502,499 ordinary shares in issue, which will also represent the total number of voting rights in the Company. No Shares are held in Treasury. This figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

Petro Matad Limited Mike Buck, Chief Executive Officer	+976 7014 1099
Shore Capital Stockbrokers Limited (Nominated Adviser & Broker) Toby Gibbs / John More (Corporate Advisory) Jerry Keen (Corporate Broking)	+44 207 408 4050
Arden Partners (Joint Broker) Paul Shackleton / Oscair McGrath (Corporate Finance) Tim Dainton (Equity Sales)	+44 207 614 5900
FTI Consulting (Communications Advisory Firm) Sara Powell / Ben Brewerton / Genevieve Ryan	+44 203 727 1000 petromatad@fticonsulting.com

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