Xcite Energy Regulatory News (XEL)

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LSE-AIM: XEL

27 July 2016

Xcite Energy Limited

("Xcite Energy" or the "Company")

Results of Annual General and Special Meeting of Shareholders 2016

Xcite Energy is pleased to announce the results of its Annual General and Special Meeting of Shareholders held on 27 July 2016.

The following resolutions, as set out in the Notice of Meeting, were approved by the holders of the ordinary shares of the Company:

(1) To receive and consider the consolidated financial statements of the Company and reports thereon of the Directors and Auditors for the year ended 31 December 2015.

(2) To re-appoint BDO LLP as auditors to the Company for the ensuing year and to permit the Directors of the Company to agree their remuneration.

(3) To re-elect Rupert Cole as a director.

(4) To re-elect Andrew Fairclough as a director.

(5) That the Articles of Association produced to the Meeting and initialled by the chairman of the Meeting for the purpose of identification be adopted as the Articles of Association of the Company in substitution for, and to the exclusion of, the existing Articles of Association. That the registered agent of the Company be authorised and directed to file the amended Articles of Association with the BVI Registrar.

For further details, please see the management proxy circular dated 4 July 2016 available on the Company's website www.xcite-energy.com