RAK Petroleum : Results of 21 September 2022 General Meeting

Class A Shares:

77,983,709

Restricted Class A Shares

95,102,332

Class B Shares (two votes per share):

115,082,332

identification initialled by the Chair of the meeting be and are approved

77,983,709

and adopted as the articles of association of the Company in substitution

Restricted Class A:

Restricted Class A: 0

for and to the exclusion of all existing articles of the Company with effect

from Re-Registration.

95,102,332

Class B:

Class B: 0

230,164,664

THAT, subject to and conditional upon (a) Resolutions 1, 2, 3, 4, 6, 7, 8

Total: 403,250,705

Total: 0

and 9 set out in this Notice of General Meeting being passed, (b) the

Class A:

Class A: 0

Repayment of Capital having become effective, and (c) two business days

5.

after the consideration due under the Repayment of Capital has been

77,983,709

satisfied in full, the Company be and is hereby wound-up voluntarily

Restricted Class A: 0

Members' Voluntary Liquidation

pursuant to Sections 86 and 91 of the Insolvency Act 1986 (the

Restricted Class A:

)

95,102,332

Class B: 0

Class B:

230,164,664

THAT, subject to and conditional upon (a) Resolutions 1, 2, 3, 4, 5, 7, 8 and

Total: 403,250,705

Total: 0

6.

9 set out in this Notice of General Meeting being passed, and (b) the

Class A:

Class A: 0

commencement of the Members' Voluntary Liquidation pursuant to

77,983,709

Resolution 5 set out in this Notice of General Meeting, the Liquidators (as

defined below) be and are hereby authorised to distribute, amongst the

Restricted Class A:

Restricted Class A: 0

shareholders, in specie all or any part of the assets of the Company.

95,102,332

Class B:

Class B: 0

230,164,664

7.

THAT, subject to and conditional upon (a) Resolutions 1, 2, 3, 4, 5, 6, 8 and

Total: 403,250,705

Total: 0

9 set out in this Notice of General Meeting being passed, and (b) the

Class A:

Class A: 0

commencement of the Members' Voluntary Liquidation pursuant to

Resolution 5 set out in this Notice of General Meeting, David Paul Hudson

77,983,709

Liquidators

and Philip Reynolds of FRP Advisory Trading Limited of 110 Cannon

Street, London, EC4N 6EU (the

), having consented to act, be

Restricted Class A:

Restricted Class A: 0

and are hereby appointed as Liquidators for the purposes of such winding-

up and be and are hereby authorised to exercise any power conferred

95,102,332

upon the Liquidators by law or by this resolution (including the power to

realise and distribute the assets of the Company).

Class B:

Class B: 0

230,164,664

8.

THAT, subject to and conditional upon (a) Resolutions 1, 2, 3, 4, 5, 6, 7 and

Total: 403,250,705

Total: 0

9 set out in this Notice of General Meeting being passed, and (b) the

Class A:

Class A: 0

commencement of the Members' Voluntary Liquidation pursuant to

Resolution 5 set out in this Notice of General Meeting, the remuneration of

77,983,709

the Liquidators be determined by reference to the engagement letter

entered into between the Liquidators and the Company and based on time

Restricted Class A:

Restricted Class A: 0

properly applied by the Liquidators and the Liquidators' staff in attending

to matters during the winding up of the Company and the Liquidators be

95,102,332

and are hereby authorised to draw such remuneration monthly or at such

longer intervals as the Liquidators may determine and to pay any

Class B:

expenses properly incurred by the Liquidators.

Class B: 0

230,164,664

9.

THAT, subject to and conditional upon Resolutions 1, 2, 3, 4, 5, 6, 7 and 8

Total: 403,250,705

Total: 0

set out in this Notice of General Meeting being passed:

Class A:

Class A: 0

(a) and, the commencement of the Members' Voluntary Liquidation

77,983,709

pursuant to Resolution 5 set out in this Notice of General Meeting:

Restricted Class A:

Restricted Class A: 0

(i)

anything required or authorised to be done by the Liquidators

be and are hereby authorised to be done by both or either of

95,102,332