PETRO MATAD LIMITED

Regulatory Filings • Jan 19, 2023

National Storage Mechanism | Additional information

RNS Number : 1864N

Petro Matad Limited

19 January 2023

19 January 2023

Petro Matad Limited

("Petro Matad" or "the Company")

Change of Adviser

Petro Matad (AIM: MATD), the AIM quoted Mongolian oil company, announces the appointment of Zeus Capital Limited as Joint Broker, with immediate effect. This follows the completion of the acquisition of Arden Partners plc by Zeus Group Limited on 16 January 2023.

For further information please contact:

Petro Matad Limited	+976 7014 1099 / +976 7575 1099
Mike Buck, CEO
Shore Capital (Nominated Adviser and Joint Broker)	+44 (0)20 7408 4090
Toby Gibbs
John More
Zeus Capital Limited (Joint Broker)	+44 (0)20 3829 5000
Simon Johnson
Louisa Waddell
FTI Consulting (Communications Advisory Firm)	+44 (0)20 3727 1000
Ben Brewerton
Christopher Laing

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 100% working interest and the operatorship of two Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 218 square kilometres in the far eastern part of the country and Block V has an area of 7,937 square kilometres in the central western part of the country.

Petro Matad Limited is incorporated in the Isle of Man under company number 1483V. Its registered office is at Victory House, Prospect Hill, Douglas, Isle of Man, IM1 1EQ.

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