Notice of Annual General Meeting

Petro Matad Limited

("Petro Matad" or the "Company")

Notice of Annual General Meeting

Petro Matad advises that the Annual General Meeting ("AGM") of the Company will be held at 4.30 p.m. local time (8.30 a.m. GMT) on 5 February 2016 at Blue Sky Tower, Topaz Conference Hall, Peace Avenue 17, Sukhbaatar District, Ulaanbaatar, Mongolia.

The notice and form of proxy of the AGM have been posted to shareholders who have opted for hard copy communications and shareholders who have signed up to the Company's electronic communications service will receive notification by email. A notice of availability and proxy form have also been posted to Deemed Shareholders, being those Petro Matad shareholders that have neither opted for hard copy communications nor provided the Company with an email address to facilitate electronic communications.

A copy of the notice is available on the Company's website, www.petromatad.com, and requests for additional proxy forms should be made to Petro Matad's Registrar, Computershare, via its helpline number of +44 (0)370 707 4040.

Change of name of Nominated Adviser and Broker - The Company notifies that its Nominated Adviser and Broker has changed its registered name from Westhouse Securities Limited to Stockdale Securities Limited.

About Petro Matad Limited

Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. The Group holds the sole operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,340km² in the far eastern part of the country. Blocks, IV and V are located in central Mongolia. Block IV covers approximately 29,000km² and Block V approximately 21,150km².

Petro Matad Limited is incorporated in the Isle of Man under company number 1483V. Its registered office is at Victory House, Prospect Hill, Douglas, Isle of Man, IM1 1EQ.

Further information:

Petro Matad Limited

Ridvan Karpuz, CEO

+976 7014 1099 / +976 7575 1099

NOMAD and Broker

Stockdale Securities Limited

Alastair Stratton / Robert Finlay

+44 (0)20 7601 6100