Cancellation of listing of global depositary receipts of Nostrum Oil & Gas LP

Nostrum Oil & Gas LP
20 June 2014

THIS ANNOUNCEMENT IS NOT BEING MADE IN AND COPIES OF IT MAY NOT BE DISTRIBUTED OR SENT INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.

THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SHARES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT ON THE BASIS OF INFORMATION IN THE PROSPECTUS DATED 20 MAY 2014 AND THE SUPPLEMENTARY PROSPECTUS DATED 13 JUNE 2014 PUBLISHED BY NOSTRUM OIL & GAS PLC IN CONNECTION WITH THE ADMISSION OF ITS ORDINARY SHARES (“SHARES”) TO THE PREMIUM SEGMENT OF THE OFFICIAL LIST OF THE UK LISTING AUTHORITY AND TO TRADING ON THE MAIN MARKET FOR LISTED SECURITIES OF LONDON STOCK EXCHANGE PLC (TOGETHER, “ADMISSION”). COPIES OF THE PROSPECTUS AND THE SUPPLEMENTARY PROSPECTUS ARE AVAILABLE FROM THE REGISTERED OFFICE OF THE COMPANY‎

THIS ANNOUNCEMENT IS NOT A PROSPECTUS AND NOT AN OFFER OF SECURITIES FOR SALE TO U.S. PERSONS OR IN ANY JURISDICTION, INCLUDING IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.

THE SECURITIES REFERRED TO HEREIN MAY NOT BE SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED. NEITHER NOSTRUM OIL & GAS LP NOR NOSTRUM OIL & GAS PLC INTENDS TO REGISTER ANY OF THE SECURITIES IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING OF THE SECURITIES IN THE UNITED STATES.

THIS COMMUNICATION DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES TO THE PUBLIC IN THE UNITED KINGDOM. THIS COMMUNICATION IS BEING DISTRIBUTED TO AND IS DIRECTED ONLY AT (I) PERSONS WHO ARE OUTSIDE THE UNITED KINGDOM OR (II) PERSONS WHO ARE INVESTMENT PROFESSIONALS WITHIN THE MEANING OF ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE “ORDER”) AND (III) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY LAWFULLY BE COMMUNICATED, FALLING WITHIN ARTICLE 49(2)(A) TO (D) OF THE ORDER (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS “RELEVANT PERSONS”). ANY INVESTMENT ACTIVITY TO WHICH THIS COMMUNICATION RELATES WILL ONLY BE AVAILABLE TO AND WILL ONLY BE ENGAGED WITH, RELEVANT PERSONS. ANY PERSON WHO IS NOT A RELEVANT PERSON SHOULD NOT ACT OR RELY ON THIS DOCUMENT OR ANY OF ITS CONTENTS.

Cancellation of listing of global depositary receipts of Nostrum Oil & Gas LP

On 20 May 2014, the Directors of Nostrum Oil & Gas LP (the “Partnership”), an independent oil and gas exploration and production company with assets in north western Kazakhstan, posted a Scheme Document to its existing security holders to approve among other things a new corporate structure, as described in the Scheme Document, (the “Scheme”) and admission to listing on the premium listing segment of the Official List and to trading on the London Stock Exchange’s main market (“Admission”) of a public limited liability company newly incorporated in England and Wales, namely Nostrum Oil & Gas plc (the “Company”), which will be the new holding company for the business of the Partnership and its subsidiary undertakings.

Following the implementation of the Scheme on 18 June 2014 and Admission on 20 June 2014, the Partnership confirms that the listing of its GDRs on the standard listing segment of the Official List has been cancelled and that the GDRs are no longer admitted to listing on the London Stock Exchange’s main market.

GDR Holders will able to transfer or otherwise dispose of their interests in GDRs, but will not be able to effect transfers of their GDRs via the London Stock Exchange or surrender their GDRs and receive delivery of the underlying Common Units, and the General Partner will not register any transfer, sale or disposal of Common Units.

Following the delisting of the GDRs, the Partnership will be dissolved in accordance with the terms of the amended Limited Partnership Agreement and the GDR programme will be terminated in accordance with the terms of the Deposit Agreement and the conditions of the GDRs. GDR Holders will continue to retain their interests in the GDRs for an interim period prior to the dissolution of the Partnership, but no further distribution is expected to be made in respect of such GDRs. GDR Holders are not expected to realise any further value in respect of their interests in GDRs and will be unable to surrender their GDRs for delivery of Common Units.

A further announcement regarding the dissolution of the Partnership will be made in due course.

Further information

For further information please visit www.nostrumoilandgas.com.

Further enquiries

Nostrum Oil & Gas LP – Investor Relations
Bruno G. Meere
Kirsty Hamilton-Smith
investor_relations@nostrumoilandgas.com + 31 20 737 2288

Instinctif Partners – UK + 44 (0) 207 457 2020
David Simonson
Tony Friend
Catherine Wickman
Anca Spiridon

Promo Group Communications – Kazakhstan
Asel Karaulova + 7 (727) 264 67 37

Deutsche Bank + 44 (0) 207 545 8000
Ben Lawrence
Rob Abbott

VTB Capital plc + 44 (0) 203 334 8000
Alexander Metherell
Giles Coffey

About Nostrum Oil & Gas

Nostrum Oil & Gas is an independent oil and gas enterprise currently engaging in the production, development and exploration of oil and gas in north-western Kazakhstan. Its Global Depositary Receipts (GDRs) are listed on the London Stock Exchange (Ticker symbol: NOG). The principal producing asset of Nostrum Oil & Gas LP is the Chinarevskoye field, in which it holds a 100% interest and is the operator, through its wholly-owned subsidiary Zhaikmunai LLP. In addition, Nostrum Oil & Gas holds a 100% interest in and is the operator of the Rostoshinskoye, Darinskoye and Yuzhno-Gremyachenskoye oil and gas fields. Located in the pre-Caspian basin to the north-west of Uralsk, these exploration and development fields are approximately 60 and 120 kilometres respectively from the Chinarevskoye field.

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 Partnership 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 or guarantees, and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.