Regulatory news announcement

Appointment of Non-Executive Director

Karoo Energy Plc

Appointment of Non-Executive Director

26 November 2015

Karoo Energy plc
(“Karoo Energy” or the “Company”)

Appointment of Non-Executive Director

Karoo Energy is pleased to announce the appointment of Alan Golding as a Non-Executive Director of the Company with immediate effect.

Mr Golding has extensive coal, coal bed methane (“CBM”) and underground coal gasification (“UCG”) experience, primarily in Botswana but also other southern, eastern and central African regions. He has been involved in multiple coal and CBM exploration projects in Botswana, which is estimated to have the second largest coal resources in Africa, for over 30 years.

He was instrumental in identifying the areas now held under licence by Karoo Energy.

Current Directorships and Partnerships

AltoStrata (Pty) Ltd

Analytika Geotechnical Consultancy Ltd

Analytika Holdings (Pty) Ltd

Equatorial Oil and Gas plc

Final Frontier (Pty) Ltd

Jaguar Ventures (Pty) Ltd

Tamboran (Botswana) (Pty) Ltd

Past Directorships and Partnerships over the last 5 years

None

There is no further information that is required to be disclosed pursuant to Paragraph 21, Appendix 1 of the ISDX Growth Market – Rules for Issuers.

Noel Lyons, Chief Executive Chairman of the company, commented:

We are pleased to welcome Alan to the board of Karoo Energy as a Non-Executive Director. Alan has much experience in Botswana and has made a considerable contribution to the Company as a director of the Company’s 86.95% owned subsidiary, Equatorial Oil & Gas plc.

The Directors of the Company accept responsibility for the content of this announcement.

ENQUIRIES:

Company
Karoo Energy plc
Noel Lyons
Telephone: 020 3130 0674

Corporate Adviser
Peterhouse Corporate Finance Limited
Guy Miller / Mark Anwyl
Telephone: 020 7220 9795