NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
London and the Netherlands, 16 September 2025
Consent Solicitation Results At Early Consent Deadline
As announced previously, Nostrum Oil & Gas Finance B.V. (the "Issuer"), a wholly-owned subsidiary of Nostrum Oil & Gas PLC (the "Parent"), was required by 30 June 2025 to have paid accrued interest in accordance with the terms and conditions of the Issuer's outstanding notes with ISIN USN64884AF16, US66978CAF95, USN64884AE41 and US66978CAD48 (the "Notes"). The Notes are guaranteed by, among other entities, the Parent. As the Issuer did not pay the due interest in accordance with the terms and conditions of the Notes, such default has become an "Event of Default" (as defined in the conditions of the Notes) and the Issuer launched a consent solicitation with respect to such Event of Default.
As of the early consent deadline, the results of the consent solicitation are as follows:
In respect of the senior secured notes, the extraordinary resolution has been passed by over 75% in aggregate principal amount of the senior secured notes and has therefore been adopted and no meeting will be held in respect of the senior secured notes.
In respect of the senior unsecured notes, in excess of 60% but under 75% in aggregate principal amount of the senior unsecured notes voted in favour of the extraordinary resolution. At this stage, the extraordinary resolution in respect of the senior unsecured notes has not passed and there would be no quorum at the relevant initial noteholder meeting, however, subject to any further votes, there would be a quorum at the applicable adjourned meeting and the extraordinary resolution would pass.
In respect of each series of Notes, holders can continue to vote in order to receive the late consent fee.
Unless waived by the Issuer, the implementation of the extraordinary resolutions are conditional on each series of Notes passing the applicable extraordinary resolution.
Timing
A results announcement with respect to the consent solicitation is available on the Parent's website: www.nostrumoilandgas.com and can also be accessed using the link below.
The Parent thanks holders of the Notes for their support and participation in resolving these third party issues that are delaying the interest payment due on the Notes.
LEI: 2138007VWEP4MM3J8B29
Further information
For further information please visit www.nostrumoilandgas.com
Further enquiries:
Nostrum Oil & Gas PLC
Thomas Hartnett - Chief Legal Officer / Company Secretary
Instinctif Partners - UK
Galyna Kulachek
+ 44 (0) 207 457 2020
Notifying person
Thomas Hartnett
Company Secretary
About Nostrum Oil & Gas
Nostrum Oil & Gas PLC is an independent mixed-asset energy company with world-class gas processing facilities and export hub in north-west Kazakhstan. Its shares are listed on the London Stock Exchange (ticker symbol: NOG). The principal producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye field which is operated by its wholly-owned subsidiary Zhaikmunai LLP, which is the sole holder of the subsoil use rights with respect to the development of the Chinarevskoye field. The Company also owns an 80% interest in Positiv Invest LLP, which holds the subsoil use rights for the "Kamenskoe" and "Kamensko-Teplovsko-Tokarevskoe" areas in the West Kazakhstan region (the Stepnoy Leopard fields).
Forward-Looking Statements
Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Company or its officers with respect to various matters. When used in this document, the words "expects", "believes", "anticipates", "plans", "may", "will", "should" and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises nor guarantees and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.
No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity, and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by the relevant listing rules and applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.
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