AIM - Sch 1 Update- Petro Matad

RNS Number:5798S
AIM
17 April 2008

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR
COMPANIES ("AIM RULES")

COMPANY NAME:
Petro Matad Limited

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Registered Office
Victory House
Douglas
Isle of Man, IM1 1EQ

Principal place of business
Room 407
NIC Building
Amar Street - 8
Sukhbaatar District
Ulaanbaatar 210646
Mongolia

COUNTRY OF INCORPORATION:

Isle of Man

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:
http://www.petromatad.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS
INVESTING STRATEGY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE
STATED:
Petro Matad Limited is the parent company of a group focussed on oil exploration, as well as future development
and production in Mongolia. The Group's (being Petro Matad Limited and its trading subsidiaries) principal asset
is a production sharing contract ("PSC") for Block XX, a petroleum block with an area of 18,956km(2) in the far
eastern part of Mongolia.

Petro Matad intends to focus its resources on further exploration and appraisal of Block XX.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where
known, number and type of shares, nominal value and issue price to which it seeks admission and the number and
type to be held as treasury shares):

96,680,004 ordinary shares of US$0.01 each by way of Introduction

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:
N/A, TBC

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:
74.68%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE
COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

None

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known
or including any other name by which each is known):

Gordon Leonard Toll, Non-Executive Chairman

Dr. Janchiv Oyungerel, Non-Executive Deputy Chairman

Douglas John McGay, Chief Executive Officer

Clyde Robert Evans, Finance Director

Gregory Thomas Meldrum, Technical Director

Sarangua Davaadorj, Non-Executive Director

Dr. John Campbell Robertson, Non-Executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE
AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each
is known):

Name Percentage of Issued
Share Capital

%

Before Admission:
Petrovis LLC 35.87
Dr. Janchiv Oyungerel 8.26
Galena Special Situations Master Fund 7.82

Douglas McGay1 7.30
Gordon Leonard Toll2 6.65
Gregory Thomas Meldrum(3) 5.18
Clyde Evans4 4.79

After Admission:
Citadel Group 20.69%
Petrovis LLC 28.45%
Dr. Janchiv Oyungerel 6.56%
Galena Special Situations Master Fund 6.21%

Douglas McGay1 5.79%
Gordon Leonard Toll2 5.28%
Gregory Thomas Meldrum(3) 4.11%
Clyde Evans4 3.80%

(1) Through an interest in Canning International Ltd, Invesco Sino Corporation and Titoni Corporation.

(2) Through an interest in Coffee House Group Limited

(3) Through an interest in the Meldrum Superannuation Fund

4 Through an interest in The Evans Family Superannuation Fund

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

None

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:
(i) 31 December

(ii) 30 June 2007

(iii) 30 June 2008 (Full year results to 31 December 2007)

30 September 2008 (Half year results to 30 June 2008)

30 June 2009 (Full year results to 31 December 2008)

EXPECTED ADMISSION DATE:
1 May 2008

NAME AND ADDRESS OF NOMINATED ADVISER:
Hanson Westhouse Limited, One Angel Court, London EC2R 7HJ

NAME AND ADDRESS OF BROKER:
Hanson Westhouse Limited, One Angel Court, London EC2R 7HJ

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION
DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE
ADMISSION OF ITS SECURITIES:

Hanson Westhouse Limited, One Angel Court, London EC2R 7HJ and http://www.petromatad.com

DATE OF NOTIFICATION:

17 April 2008

NEW/ UPDATE:

UPDATE

This information is provided by RNS
The company news service from the London Stock Exchange
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