REABOLD RESOURCES PLC — Share Issue/Capital Change 2023

Mar 29, 2023

National Storage Mechanism | Additional information

RNS Number : 6466U

Reabold Resources PLC

29 March 2023

29 March 2023

Reabold Resources PLC

("Reabold" or the "Company")

Capital Reduction Update

Reabold, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects, is pleased to announce that the final hearing held yesterday at the High Court of Justice approved the Company's application to cancel its share premium account, which was also approved by shareholders on 28 February 2023 and further details of which are set out in the Company's circular dated 10 February 2023. Accordingly, the amount standing to the credit of the Company's share premium account has been cancelled.

The number of ordinary shares and deferred A shares in issue remain unchanged at 9,177,387,909 and 6,915,896 respectively.

For further information please contact:

Reabold Resources PLC Stephen Williams Sachin Oza	c/o Camarco +44 (0) 20 3757 4980
Strand Hanson Limited - Nominated and Financial Adviser James Spinney James Dance Rob Patrick	+44 (0)20 7409 3494
Camarco Billy Clegg Rebecca Waterworth	+44 (0) 20 3757 4980
Stifel Nicolaus Europe Limited - Joint Broker Callum Stewart Simon Mensley Ashton Clanfield	+44 (0) 20 7710 7600
finnCap Ltd - Joint Broker Christopher Raggett Barney Hayward	+44 (0) 20 7220 0500

Notes to Editors

Reabold Resources PLC has a diversified portfolio of exploration, appraisal and development oil & gas projects. Reabold's strategy is to invest in low-risk, near-term projects which it considers to have significant valuation uplift potential, with a clear monetisation plan, where receipt of such proceeds will be returned to shareholders and re-invested into further growth projects. This strategy is illustrated by the recent sale of the undeveloped Victory gas field to Shell, the proceeds of which are being returned to shareholders and re-invested.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

CARUKSAROOUOUAR