Nostrum Oil & Gas PLC Appointment of Alternate Director (4756R)

TIDMNOG

RNS Number : 4756R

Nostrum Oil & Gas PLC

28 February 2019

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, 28 February 2019

Appointment of Alternate Director

Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum", or "the Company"), an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, is pleased to announce that on 28 February 2019 the Board of Directors of the Company approved the appointment by Mr Michael Calvey of Mr Ralph Tavakolian Morgan as an Alternate Director who may act for Mr Calvey in his absence with effect from the same date.

Mr Morgan is Industry Partner of Natural Resources at Baring Vostok Capital Partners Group Limited (BVCP). Prior to joining BVCP, Mr. Morgan worked as Managing Director at Goldman Sachs in the Global Natural Resources Group where he was responsible for the investment banking division's advisory work with natural resource clients in Russia and the CIS. Mr Morgan also previously served as Head of Strategy & Business Development, Deputy General Director, Deputy Chairman of Management Board and Member of Management Board at Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel. He was also previously a Partner of McKinsey & Co., and worked with Ernst & Young Company in Kazakhstan and Kyrgyzstan.

Mr Morgan received M.Phil in Economics and Law, Russian & East European studies from St. Antony's College of Oxford University and Bachelor of Arts in Political Science from Yale University.

The Company confirms that for the purposes of paragraph 9.6.13(1) of the Listing Rules of the UK Listing Authority (the "Listing Rules") Mr Morgan is currently a director of the following publicly quoted companies:

   --     PJSC Magnitogorsk Iron & Steel Works 
   --     Tigers Realm Coal Limited 

Mr Morgan does not hold any other directorships in any other publicly quoted companies and has not done so at any time in the previous five years.

The Company confirms that there is no other information regarding Mr Morgan that must be disclosed under paragraph 9.6.13 of the Listing Rules.

Disclosure of inside information in accordance with Article 17 of Regulation (EU) 596/2014 (16 April 2014) relating to Nostrum Oil & Gas PLC.

LEI: 2138007VWEP4MM3J8B29

Further information

For further information please visit www.nog.co.uk

Further enquiries

Nostrum Oil & Gas PLC - Investor Relations

Kirsty Hamilton-Smith

Amy Barlow

[phone]

[e-mail]

Instinctif Partners - UK

David Simonson

George Yeomans

+ 44 (0) 207 457 2020

Promo Group Communications - Kazakhstan

Asel Karaulova

Irina Noskova

+ 7 (727) 264 67 37

Notifying person

Thomas Hartnett

Company Secretary

About Nostrum Oil & Gas

Nostrum Oil & Gas PLC is an independent oil and gas company currently engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin. 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, in which it holds a 100% interest and is the operator through its wholly-owned subsidiary Zhaikmunai LLP. In addition, Nostrum Oil & Gas holds a 100% interest in and is the operator of the Rostoshinskoye, Darinskoye and Yuzhno-Gremyachenskoye oil and gas fields through the same subsidiary. Located in the pre-Caspian basin to the north-west of Uralsk, these exploration and development fields are situated between approximately 60 and 120 kilometres from the Chinarevskoye field.

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 or 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 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.

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 [e-mail] or visit www.rns.com.

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February 28, 2019 09:20 ET (14:20 GMT)