Picture 6 Well heads at Lineynoye Gas powered generators at Central processing facility

PetroNeft Resources plc is an international oil and gas exploration and
production company, focused on Russia. The company’s shares are
listed on the London AIM and Dublin ESM Markets.

April 25, 2016

Agreement with Natlata

PetroNeft (AIM: PTR) an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, and 50% owner and operator of Licences 61 and 67 and Natlata Partners Limited, PetroNeft’s largest shareholder are pleased to announce they have reached an agreement on a new Board composition and structure. Accordingly, Natlata has agreed to withdraw all of its resolutions due to be considered at the reconvened EGM due to take place at 11 a.m. today.

April 18, 2016

Adjournment of today’s Extraordinary General Meeting ("EGM")

PetroNeft is pleased to announce that it is in advanced discussions with Natlata Partners Limited (“Natlata”) in relation to a comprehensive agreement on Board and management composition. To allow time to finalise and implement the necessary agreements, both parties agreed to adjourn todays EGM, which had been requisitioned by Natlata, until 11 AM on Monday 25 April 2016. The re-convened EGM will be held at the same venue, the Herbert Park Hotel, Ballsbridge, Dublin 4, Ireland.

April 5, 2016

ISS recommends vote AGAINST ALL Natlata EGM Resolutions

The ISS report supports the view of the Board set out in the EGM Circular dated 18 March 2016 that Shareholders should vote AGAINST ALL the resolutions.