Special General Meeting

Following suspension of the Company’s shares on 2 March 2020, the Company announces that, in the absence of any new developments, it is expected that admission of the Company’s shares to trading on AIM will be cancelled on or around 3 September 2020 and that the Company be subsequently liquidated and surplus funds returned to shareholders.

Notice of a Special General Meeting of the Company to dissolve the Company by way of a members voluntary liquidation has been sent to shareholders and is available on the Company’s web site on www.spitfireoil.com.