The Directors of Shumba Energy Ltd are pleased to announce results of the Annual General Meeting (AGM) that was held on 27th December 2019 at 4th Floor, Ebene Skies, Rue de l’Institut, Ebene 80817, Mauritius.

Pursuant to Article 34 (b) of the Constitution of the Company, the quorum for a meeting of shareholders should be at least one third of the voting shares of the Company.

A total of 19 shareholders, who held in total 120,396,049 shares were represented by proxy, representing 41% of the shareholding of the Company. The AGM was declared quorate and validly constituted.

The resolutions proposed at the meeting were duly passed by the requisite majority of votes as set out on page 2.

A copy of the announcement is available on the Company’s website

By order of the Board

Shumba Energy Limited (