Petroneft Resources Plc

Delisting Announcement • Jun 30, 2023

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RNS Number : 6052E

Petroneft Resources PLC

30 June 2023

PetroNeft Resources plc

30 June 2023

PetroNeft Resources plc ('PetroNeft' or 'the Company')

Suspension of trading on AIM and Euronext pending publication of annual accounts

Further to an announcement on 14 June 2023, PetroNeft reiterates that the Company will not be able to publish its audited annual report and accounts for the year ended 31 December 2022 (the "Accounts") by close of business today, 30 June 2023, as required by the AIM Rules and Euronext Growth Rules (collectively "the Rules").  The Company continues to try to source an auditor which remains challenging due to the Company owning and managing assets within the Russian Federation in the current environment.

Dealings in the Company's ordinary shares will therefore be suspended from 7.30 a.m. on Monday 3 July 2023 until such time as the Accounts have been duly published.  Should the Accounts not be published by 31 December 2023, the Company's admission to AIM and Euronext Growth will be cancelled.

Notwithstanding the suspension of trading in the Ordinary Shares, the Company will continue to make announcements as and when there are any developments that require announcement under the Rules.

For further information, contact:

Pavel Tetyakov, Chief Executive Officer, PetroNeft Resources plc	+353 1 647 0280
Brian Garrahy/Ciara, Davy (NOMAD and Corporate Broker)	+353 1 679 6363
Douglas Keatinge, Murray Consultants	+353 1 498 0300

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