13 March 2025

 Petro Matad Limited

("Petro Matad" or the "Company")

Result of AGM

Petro Matad Limited (AIM: MATD), the AIM quoted Mongolian oil company, announces the results of the Company's Annual General Meeting ("AGM") held today in Ulaanbaatar, Mongolia. The AGM was also accessible via the Investor Meet Company platform. All resolutions put to the meeting were duly passed on a show of hands. Detailed voting results and a recording of the meeting will be posted to the Company's website: https://www.petromatadgroup.com/

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About Petro Matad

Petro Matad is the parent company of a group focused on oil exploration, development and production in Mongolia. Currently, Petro Matad holds a 100% working interest and the operatorship of the Matad Block XX Production Sharing Contract with the government of Mongolia. Block XX has an area of 214 square kilometres in the far eastern part of the country. The Company also holds a 100% working interest and operatorship of the Borzon Block VII Production Sharing Contract with an area of 41,141 square kilometres in southern central Mongolia. 

Petro Matad Limited is incorporated in the Isle of Man under company number 1483V. Its registered office is at Victory House, Prospect Hill, Douglas, Isle of Man, IM1 1EQ.