Microsoft Word - JKX - ISS recommendation - FINAL



20 January 2016


JKX OIL & GAS plc ("JKX")


ISS recommends JKX shareholders vote against all Proxima resolutions


The Board of JKX Oil & Gas Plc announces that Institutio

al Shareholder Services Inc.

("ISS"), the global leader in corporate governance, has recommended that JKX shareholders should vote AGAINST all resolutions proposed by Proxima Capital Group ("Proxima") at the requisitioned General Meeting on 28 January 2016.


ISS recommendations confir

the Board's view that Proxima has not presented a justifiable

case for its proposals. Accordingly, ISS concludes that support for Proxima's requests is not warranted.


ISS supports the JKX Board's voting recommendations which are as follows:


Proxima Proposed Resolution ISS JKX Board

  1. Elect Thomas Reed, a Shareholder Nominee to the Board

  2. Elect Russell Hoare, a Shareholder Nominee to the Board

  3. Elect Paul Ostling, a Shareholder Nominee to the Board

  4. Elect Vladimir Tatarchuk, a Shareholder Nominee to the Board

  5. Elect Vladimir Rusinov, a Shareholder Nominee to the Board

  6. Remove Dr Paul Davies as Director

  7. Remove Cynthia Dubin as Director

  8. Remove Peter Dixon as Director

  9. Remove Martin Miller as Director

  10. Remove Lord Oxford as Director

  11. Remove Dipesh Shah as Director

  12. Remove Nigel Moore as Director

AGAINST AGAINST

AGAINST AGAINST

AGAINST AGAINST

AGAINST AGAINST

AGAINST AGAINST

AGAINST AGAINST

AGAINST AGAINST

AGAINST AGAINST

AGAINST AGAINST

AGAINST AGAINST

AGAINST AGAINST

AGAINST AGAINST



END


Enquiries:


Cardew Group Anthony Cardew Nadja Vetter

T: 0207 930 0777

M: 07770 720 389

M: 07941 340 436

JKX Oil & Gas plc issued this content on 20 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 February 2016 11:40:25 UTC

Original Document: http://www.jkx.co.uk/~/media/Files/J/JKX/press-release/2015/JKX_ISS recommendation.pdf