Petro Matad : Notice of AGM - Correction

21 October 2019

Petro Matad Limited

('Petro Matad' or the 'Company')

Notice of AGM

Petro Matad Limited (AIM: MATD), the AIM-quoted Mongolian oil explorer, confirms that the Annual General Meeting ('AGM') of the Company will be held at 4.00 p.m. local time (8.00 a.m. GMT) on 19 November 2019 at Blue Sky Tower, Topaz Conference Hall, Peace Avenue 17, Sukhbaatar District, Ulaanbaatar, Mongolia.

The AGM notice and form of proxy are being posted tomorrow, 22 October 2019, to shareholders who have opted for hard copy communications and shareholders who have signed up to the Company's electronic communications service will receive notification by email.

A copy of the AGM notice will be available at the same time on the Company's website, www.petromatadgroup.com, and requests for additional proxy forms should be made to Petro Matad's Registrar, Computershare, via its helpline number of +44 (0)370 707 4040.

For more information, please contact:

About Petro Matad

Petro Matad is the parent company of a group focussed on oil exploration, as well as future development and production in Mongolia. At the current time, Petro Matad holds 100% working interest and the operatorship of three Production Sharing Contracts with the Government of Mongolia. Block XX has an area of 10,367 square kilometres in the far eastern part of the country, and Blocks IV and V have an area of 29,062 square kilometres and 21,143 square kilometres, respectively, in the central western part of the country.

Petro Matad Limited is incorporated in the Isle of Man under company number 1483V. Its registered office is at Victory House, Prospect Hill, Douglas, Isle of Man, IM1 1EQ.