PATH.L Regulatory News (PATH)

28 April 2017

Path Investments plc

("Path Investments" or the "Company)

Notice of AGM, Posting of Report and Accounts & Board reorganisation

Path Investments plc (TIDM: PATH), the energy investment company, announces that copies of its Annual Report and Accounts for the year ended 31 December 2016 have today been posted to shareholders, together with the Notice of the Group's Annual General Meeting ("AGM") and associated form of proxy. The Company's AGM will be held at 11am on 22 May 2017 at the offices of Bond Dickinson, 4 More London Riverside, London, SE1 2AU.

Further to the Company's recent admission to trading on the London Stock Exchange ("Admission"), the board of the Company is being reorganised to reflect the needs of the business going forward, while maintaining a carefully managed cost base. Current Chief Financial Officer, Rakesh Patel, will step down from the board at the AGM, but will continue to provide financial and accountancy services to the Company. In addition, Donal Boylan has provided notice to the Company that he will be resigning as a non-executive director of the Company from the date of the AGM. As a result of these changes the Company's board will comprise two executive directors and two independent non-executive directors. As agreed at the time of Admission, the directors continue to voluntarily work for 50 per cent. of their contracted entitlements until the Company announces its first investment.

Christopher Theis, Chief Executive of Path, commented: "I would like to place on record my sincere thanks to both Rakesh and Donal for their significant contributions to Path Investments in the period prior to and since our listing. We are delighted Rakesh will continue to work in assisting the Company by providing financial and accountancy services. Donal leaves the board with our best wishes, as he focuses his efforts on new endeavours. Path Investments remains in a strong position to implement its business plan, and is seeing no shortage of potential opportunities."

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About Path Investments

Path Investments is an investment company with the objective of acquiring oil and gas production, or near production, assets which possess a lower risk profile than exploration or development assets. The company has a highly experienced management team and has a worldwide pipeline of potential opportunities.