Regulatory news announcement

Director Appointment and proposed AIM move

14 September 2017 
                               Karoo Energy plc 
                       ("Karoo Energy" or the "Company") 
        Appointment of Non-Executive Director and Proposed move to AIM 
Karoo Energy is pleased to announce the appointment of Andrew John Smith as a 
Non-Executive Director of the Company with immediate effect. 
Andrew, aged 39, formed Nuthatch Advisors Limited, an independent natural 
resources advisory with clients across the oil and gas and mineral extraction 
industries in 2017. Prior to this, Andrew held the positions of Group Financial 
Controller and Chief Financial Officer at AIM listed Tower Resources plc and 
Group Financial Controller at Sterling Energy plc, Xcite Energy plc and Matra 
Petroleum plc. Andrew has extensive experience of operating assets within 
Sub-Saharan Africa as well as Russia/FSU and the UK Continental Shelf. Andrew 
holds a BA degree in Accounting from Staffordshire University and is an 
Associate Chartered Accountant of the Institute of Chartered Accountants in 
England and Wales. 
Noel Lyons, Chief Executive Officer of the company, commented: 
"We are pleased to welcome Andrew to the Board of Karoo Energy as a 
Non-Executive Director of the Company. The Company is preparing to move to AIM 
and Andrew has been appointed to strengthen the Board as part of that process. 
Andrew's accountancy training and his strong financial experience at board 
level in public companies will assist the Company in oversight and especially 
from a financial perspective" 
Further announcements about the Company's proposed admission to trading on AIM 
will be made in due course. 
Save as set out below, there is no further information regarding Andrew Smith 
that is required to be disclosed pursuant to Paragraph 21, Appendix 1 of the 
NEX Exchange Growth Market Rules for Issuers. 
Current Directorships                 Past Directorships over the last 5 
Nuthatch Advisors Limited 
Tower Resources (Namibia) Limited     N/A 
The Directors of the Company accept responsibility for the content of this 
Karoo Energy plc 
Noel Lyons 
Telephone: 020 3130 0674 
Corporate Adviser 
Peterhouse Corporate Finance Limited 
Guy Miller / Mark Anwyl 
Telephone: 020 7220 9795