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Consent Solicitation Results

In brief · summary, not quotable

Nostrum Oil & Gas PLC announced that the adjourned meeting for the consent solicitation regarding its senior unsecured notes has successfully achieved the required quorum. Noteholders representing at least 50 percent of the aggregate principal amount of the outstanding Notes were present. Furthermore, a majority of 75 percent of the votes cast by the noteholders present at the meeting was achieved, leading to the passage of the Extraordinary Resolution. Consequently, the Supplemental Trust Deed relating to the senior secured notes and the senior unsecured notes will be executed, and the relevant consent payments will be made to consenting holders.

Full announcement

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As announced previously, Nostrum Oil & Gas Finance B.V. (the "Issuer"), a wholly-owned subsidiary of Nostrum Oil & Gas PLC (the "Parent"), was required by 30 June 2025 to have paid accrued interest in accordance with the terms and conditions of the Issuer's outstanding notes with ISIN USN64884AF16, US66978CAF95, USN64884AE41 and US66978CAD48 (the "Notes"). The Notes are guaranteed by, among other entities, the Parent. As the Issuer did not pay the due interest in accordance with the terms and conditions of the Notes, such default has become an "Event of Default" (as defined in the conditions of the Notes) and the Issuer launched a consent solicitation with respect to such Event of Default.

In respect of the senior unsecured notes, the required quorum for the adjourned noteholders meeting has been satisfied and the results are as follows:

Noteholders representing or holding not less than 50 per cent of the aggregate principal amount of the outstanding Notes were represented at the adjourned Meeting. A majority of 75 per cent of the votes cast by Noteholders present at the meeting was achieved. Thus, the Extraordinary Resolution has passed.

The Supplemental Trust Deed that relates to the senior secured notes and the senior unsecured notes will now be executed and the relevant consent payments will be made to consenting holders.

Timing

A result announcement with respect to the consent solicitation is available on the Parent's website: www.nostrumoilandgas.com and can also be accessed using the link below.

The Parent thanks holders of the Notes for their support and participation in resolving these third party issues that are delaying the interest payment due on the Notes.

Download: https://wp-nostrumoilandgas-new-2020.s3.eu-west-2.amazonaws.com/media/2025/10/Nostrum-Results-Announcement-Adjourned-Meeting-2025.pdf

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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