Announcement PDF RNS Number : 0388C Reabold Resources PLC 17 February 2022 17 February 2022 Reabold Resources Plc ("Reabold" or the "Company") Amendment of Existing Option Terms Reabold, the AIM investing Company focused on upstream oil and gas projects, announces amendments to the terms of certain existing options currently held by the Executive Directors (the "Existing Options"). In common with many businesses, the COVID-19 pandemic has significantly constrained the Company's activities, delaying management's ability to continue the successful implementation of its medium-term strategy. Therefore, in order to further incentivise the executive management of the Company and further align their interests with shareholders, Reabold's Remuneration Committee has amended the following Existing Options such that their expiry dates are extended by 12 months, to 19 March 2023, and additional extended vesting terms are applicable, as outlined below. The exercise prices of the Existing Options remain unchanged. Executive Position Sachin Oza Co-CEO Stephen Williams Anthony Samaha Co-CEO Finance Director Existing Options Held 20,000,000 Exercise Current Amended Current Price Expiry Expiry Vesting Status 0.60p 19-Mar-22 19-Mar-23 Vested Amended Vesting Dates 30-Sep-22 20,000,000 0.90p 19-Mar-22 19-Mar-23 Vested 31-Dec-22 20,000,000 1.20p 19-Mar-22 19-Mar-23 Vested 31-Dec-22 20,000,000 0.60p 19-Mar-22 19-Mar-23 Vested 30-Sep-22 20,000,000 0.90p 19-Mar-22 19-Mar-23 Vested 31-Dec-22 20,000,000 1.20p 19-Mar-22 19-Mar-23 Vested 31-Dec-22 5,000,000 0.60p 19-Mar-22 19-Mar-23 Vested 30-Sep-22 For further information please contact: Reabold Resources plc c/o Camarco Stephen Williams +44 (0) 20 3757 4980 Sachin Oza Strand Hanson Limited (Nominated and Financial Adviser) James Spinney +44 (0)20 7409 3494 Rory Murphy James Dance Camarco +44 (0) 20 3757 4980 James Crothers Rebecca Waterworth Billy Clegg Stifel Nicolaus Europe Limited - Joint Broker +44 (0) 20 7710 7600 Callum Stewart Nicholas Rhodes Ashton Clanfield Panmure Gordon - Joint Broker +44 (0) 20 207 886 2733 Hugh Rich Nick Lovering Notes to Editors Reabold Resources plc is an investing company investing in the exploration and production ("E&P") sector. The Company's investing policy is to acquire direct and indirect interests in exploration and producing projects and assets in the natural resources sector, and consideration is currently given to investment opportunities anywhere in the world. As an investor in upstream oil & gas projects, Reabold aims to create value from each project by investing in undervalued, low-risk, near-term upstream oil & gas projects and by identifying a clear exit plan prior to investment. Reabold's long term strategy is to re-invest capital made through its investments into larger projects in order to grow the Company. Reabold aims to gain exposure to assets with limited downside and high potential upside, capitalising on the value created between the entry stage and exit point of its projects. The Company invests in projects that have limited correlation to the oil price. Reabold has a highly-experienced management team, who possess the necessary background, knowledge and contacts to carry out the Company's strategy. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy. END MSCUBOURUVUUAAR