PETRO MATAD LIMITED

Pre-Annual General Meeting Information • Jun 15, 2018

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RNS Number : 6199R

Petro Matad Limited

15 June 2018

THIS ANNOUNCEMENT, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

This announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of Petro Matad Limited or other evaluation of any securities of Petro Matad Limited or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

15 June 2018

Petro Matad Limited

("Petro Matad" or the "Company")

Publication of Circular and Notice of Extraordinary General Meeting

Further to the Company's announcement on 13 June 2018, Petro Matad (AIM: MATD), the AIM-quoted Mongolian oil explorer announces that it is today despatching to shareholders a circular (the "Circular") setting out the background to and reasons for the proposed Fundraising. The Circular also contains a Notice of Extraordinary General Meeting, to be held at 8.30 a.m. (BST) on 3 July 2018 at Suite 502, Blue Sky Tower, Peace Avenue 17, Sukhbaatar District, Ulaanbaatar, Mongolia for the purpose of passing certain resolutions in relation to the proposed Fundraising.

The Circular will be available shortly on the Company's website: www.petromatadgroup.com.

Enquiries:

Petro Matad Limited
Mike Buck, CEO	+97 670 141 099 / +97 675 751 099
Stockdale Securities Limited (Nominated Adviser and Joint Broker)
Richard Johnson Andy Crossley David Coaten	+44 (0) 20 7601 6100
Stifel Nicolaus Europe Limited (Sole Bookrunner and Joint Broker)
Callum Stewart Nicholas Rhodes Ashton Clanfield	+44 (0) 20 7710 7600
Pareto Securities AS (Co-lead Manager)
Petter Sagfossen	+47 (0) 22 87 87 00
FTI Consulting (Communications Advisory Firm)
Edward Westropp	+44 (0)20 3727 1521

Capitalised terms used in this announcement and not otherwise defined in the text of this announcement shall have the same meanings as the definitions in the Company's announcement of the Fundraising on 13 June 2018.

Expected timetable of principal events

Publication of the Circular and the accompanying Form of Proxy	15 June 2018
Latest time and date for receipt of completed Forms of Proxy and receipt of electronic proxy appointments via the CREST system for the Extraordinary General Meeting	8.30 a.m. on 29 June 2018
Date and time of Extraordinary General Meeting	8.30 a.m. on 3 July 2018
Announcement of results of Extraordinary General Meeting	3 July 2018
Admission and commencement of dealings in the New Ordinary Shares on AIM	8.00 a.m. on 4 July 2018
CREST accounts expected to be credited for the New Ordinary Shares to be held in uncertificated form	4 July 2018
Latest date for posting of share certificates for the New Ordinary Shares in certificated form (if applicable)	13 July 2018
Notes: Each of the times and dates referred to above refer to BST (unless otherwise stated) and are subject to change by the Company (with the agreement of the Banks), in which case details of the new times and dates will be notified to the London Stock Exchange and the Company will make an appropriate announcement through a Regulatory Information Service. The Circular will contain further details of the expected timetable for the Placing, Subscription, Extraordinary General Meeting and Admission.

About Petro Matad

Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. At the current time, Petro Matad holds the sole operatorship of three production sharing contracts with the Government of Mongolia. Block XX has an area of 10,340 km² in the far eastern part of the country, and Blocks IV and V have an area of 28,900 km2 and 21,100 km2, respectively, in the southwest part of the country.

Petro Matad Limited is incorporated in the Isle of Man under company number 001483V. Its registered office is at 6th Floor, Victory House, Douglas, Isle of Man, IM1 1EQ.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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