Chagala Group Limited (CGLO) – Open Offer Ratio

Chagala Group

Chagala Group Limited  (CGLO) - Open Offer RatioChagala is a service company focused on providing long and short term accommodation solutions to domestic and international oil and gas companies developing Kazakhstan’s largest hydrocarbon discoveries. With the ownership of hotels, guest houses, serviced apartments, remote site facilities, restaurants and offices in its portfolio, Chagala is well positioned to capitalize on the oil and gas investment being made in Kazakhstan.

Further to the announcement earlier today in relation to a proposed Placing and Open Offer of New Ordinary Shares and potential placing of Additional Placing Shares (the “Capital Raise”) to raise gross proceeds of approximately US$5.75 million (approximately US$5.55 million net of fees and expenses), Chagala Group Limited (“Chagala” or the “Company”) announces that the pro rata entitlement (on the Record Date) of Qualifying Shareholders in the Open Offer is 27 Open Offer Shares for every 100 Existing Ordinary Shares.

Important Notices

This announcement is not an offer of securities for sale, or an offer to buy or subscribe for, directly or indirectly, securities to any person in the United States or any other jurisdiction, including in or into Canada, Japan, South Africa, Switzerland and Australia or any other jurisdiction in which such offer or solicitation is unlawful. This announcement is an advertisement and not a prospectus (or prospectus equivalent document). Any offer to acquire shares pursuant to the proposed capital raise will be made, and investors should not subscribe for or purchase any shares referred to in this announcement and should make any investment decision, solely on the basis of information contained in the prospectus (the “Prospectus”) to be published by Chagala Group Limited (“Chagala” or the “Company” and, together with its subsidiaries, the “Group”) on or around 6 September 2016 in connection with the admission of the new ordinary shares in the Company (“New Ordinary Shares”) to be issued under the proposed placing and open offer (the “Placing and Open Offer”) to listing on the standard listing segment of the Official List of the Financial Conduct Authority (“FCA”) and to trading on the main market for listed securities of the London Stock Exchange (the “Admission”). A copy of the Prospectus will, following publication, be available on the Company’s website (www.chagalagroup.com) and will be available for viewing at the National Storage Mechanism at www.hemscott.com/nsm. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

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