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Nostrum Oil & Gas PLC announced the appointment of James Hart as an independent non-executive director, effective 23 October 2025. On the same date, Mr. Hart was appointed to the audit committee and as chairman of the remuneration committee. Concurrently, Nikolay Ivin was appointed as chairman and Viktor Gladun as a member of the strategy committee.
| Date | 24 Oct 2025 |
| Time | 07:00:12 |
| Category | Board changes |
| ID | 6560E |
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
FOR IMMEDIATE RELEASE
London, 24 October 2025
Appointment of a Non-Executive Director and Board Committee Changes
Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum" or the "Company"), an independent mixed-asset energy company with world-class gas processing facilities and export hub in north-west Kazakhstan, announces the appointment of James Hart to the Board of Directors as an independent non-executive director, effective 23 October 2025. Mr Hart has also been appointed on such date to the audit committee and as chairman of the remuneration committee of the Board.
Mr Hart is a special situations and dispute resolution professional. For nearly 10 years he has managed Hillmont Partners, the international law firm he founded, which focuses on matters in Eastern Europe and Eurasia. He jointly oversees the firm's International Dispute Resolution & Restructuring practices. Mr Hart holds a BA from Durham University and an MBA from London Business School.
The Company also announces that Nikolay Ivin has been appointed as chairman, and Viktor Gladun has been appointed as a member, of the strategy committee of the Board. Martin Gudgeon remains a member of the strategy committee.
These changes to the Board and its committees have received relevant consent in accordance with the requirements of the warrant instrument constituting the Company's share warrants dated 9 February 2023. The Company proposes to re-constitute the composition of other Board committees so as to comply with the relevant provisions of the warrant instrument on Board committee composition and further announcements in that regard will be made when appropriate.
Nikolay Ivin, Chairman of the Board, said:
"I would like to welcome James to the Board. I believe his experience and skillset will be invaluable to the Company."
LEI: 2138007VWEP4MM3J8B29
Further information
For further information please visit www.nostrumoilandgas.com
Further enquiries
Nostrum Oil & Gas PLC
Yelena Zhuravleva, CFO
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.