Announcement PDF RNS Number : 6500N Reabold Resources PLC 01 October 2021 01 October 2021 Reabold Resources plc ("Reabold" or the "Company") West Newton A Site Planning Decision Reabold, the investor in upstream oil and gas projects, notes the following in relation to the planning application for expansion of the West Newton A site, operated by Rathlin Energy (UK) Limited ("Rathlin"). Rathlin's planning application for the West Newton A well site expansion was refused by a narrow margin by The East Riding of Yorkshire Council Planning Committee, despite it being recommended for approval by The East Riding of Yorkshire Council's own planning officers. Rathlin is awaiting the formal decision notice but based on their current understanding of the reasons for refusal are confident they have a strong basis for a successful appeal. In the meantime, testing at the A-2 well continues and initial results are expected in the coming weeks. The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain. For further information, contact: Reabold Resources plc Sachin Oza Stephen Williams c/o Camarco +44 (0) 20 3757 4980 Strand Hanson Limited - Nomad & Financial Adviser James Spinney Rory Murphy James Dance +44 (0) 20 7409 3494 Stifel Nicolaus Europe Limited - Joint Broker Callum Stewart Simon Mensley +44 (0) 20 7710 7600 Ashton Clanfield Panmure Gordon - Joint Broker Hugh Rich Nick Lovering +44 (0) 207 886 2733 Camarco James Crothers Billy Clegg Rebecca Waterworth +44 (0) 20 3757 4980 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 MSCSDFEESEFSELU