Nostrum Oil & Gas PLC 2023

PROJECT DESCRIPTION

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USD $250,000,000 5.00% Senior Secured Notes due 2026
Reg S: CUSIP: N64884AF1 / ISIN: USN64884AF16
Private Placement: CUSIP: 66978CAF9 / ISIN: US66978CAF95
issued pursuant to a trust deed dated 9 February 2023

USD $362,648,402 1.00%/13.00% Senior Unsecured Notes due 2026
Reg S: CUSIP: N64884AE4 / ISIN: USN64884AE41
Private Placement: CUSIP: 66978CAD4 / ISIN: US66978CAD48
issued pursuant to a trust deed dated 9 February 2023

Nostrum Oil & Gas Finance B.V. (the “Issuer“), a wholly-owned subsidiary of Nostrum Oil & Gas PLC (the “Parent“), announced today that it has commenced a consent solicitation (the “Consent Solicitation“) in respect of its USD $250,000,000 5.00% Senior Secured Notes due 2026 (the “Senior Secured Notes“) and USD $362,648,402 1.00%/13.00% Senior Unsecured Notes due 2026 (the “Senior Unsecured Notes“, and together with the Senior Secured Notes, the “Notes“). The consent solicitation will expire at 5:00 p.m. (London time) on 8 December 2023 (the “Expiration Deadline“), unless terminated or extended by the Issuer.

The Issuer is soliciting the consents of the holders of the Notes and the warrants issued by the Parent (the “Warrants“) (together the “Noteholders“) for certain amendments to the trust deeds governing the Notes (the “Trust Deeds“), the debenture dated 9 February 2023 relating to the Notes and the share warrant instrument dated 9 February 2023 (the “Warrant Instrument“) in order to (i) to permit the investment of cash from the Parent into certain investment products approved by the board of directors of the Parent in order to give the Issuer greater flexibility to make investments in cash equivalents to receive higher returns and (ii) amend the Warrant Instrument such that the Parent would not require further consent from the warrant holders to delist its shares from the Astana International Exchange (AIX).

The terms and conditions of the Consent Solicitation are as set forth in a consent solicitation statement to be distributed to all Noteholders. The Consent Solicitation Statement will be made available to the Noteholders by GLAS Trust Company LLC, the Information and Tabulation Agent for the Consent Solicitation.

Contact Details

GLAS Trust Company LLC
Address: 3 Second Street, Suite 206, Jersey City, New Jersey 07311, United States
Email: TMGUS@glas.agency and clientservices.usadcm@glas.agency
Telephone: +1 201 839 2200

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