Chagala : Dividend Declaration

Chagala Group Limited (LSE:CGLO) (the 'Company' or 'Chagala' and, together with its subsidiaries, the 'Group') is an investor in specialist services and facilities provider to the oil and gas industry in Kazakhstan with its Ordinary Shares (ISIN: VG1574371129) admitted to trading on the London Stock Exchange's Main Market.

The directors of the Company have declared an additional dividend of US$0.025 per Ordinary Share for the financial year ended 31 December 2016.

This dividend will be payable on or around 26 December 2017 to holders of record on 22 December 2017. The corresponding ex-dividend date will be 21 December 2017.

In accordance with Regulation 13.8 of the Company's articles of association ('Regulation 13.8'), the dividend described above will not be paid in respect of Ordinary Shares that have the status of 'Default Shares' under Regulation 13.8.

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Chagala Group

Chagala invests in service companies focused on providing long and short-term accommodation solutions to domestic and international oil and gas companies developing Kazakhstan's largest hydrocarbon discoveries. With investments in hotels, guest houses, serviced apartments, remote site facilities, restaurants and offices, Chagala is well positioned to capitalize on the oil and gas contribution being made in Kazakhstan.