Notice of Annual General Meeting

Cluff Natural Resources Plc / Index: AIM / Epic: CLNR / Sector: Natural Resources

13 May 2020

Cluff Natural Resources Plc ('CLNR' or 'the Company')

Notice of Annual General Meeting

Proposed change of name to Deltic Energy Plc

Cluff Natural Resources Plc, the AIM quoted natural resources investing company, announces that it has posted to shareholders copies of its Notice of Annual General Meeting ("AGM") and a Form of Proxy.  Electronic copies of these documents will shortly be available to download from the Company's website at www.cluffnaturalresources.com.

Details of the AGM

The AGM will be held on Thursday 4 June 2020 at 10.30 a.m. at Unit 6, Albion House, High Street, Woking, GU21 6BG. Given the current COVID-19 pandemic and the associated UK Government measures, including restricted travel and prohibition on public gatherings of more than two people, it will not be possible to hold an open AGM with shareholders in attendance and accordingly the AGM this year will be run as a closed meeting. Should the relevant UK Government measures remain in place, it will not be possible for shareholders to attend the AGM and the Company will not be able to grant entry to anyone seeking to attend the AGM in person. 

The Company will convene the AGM with the minimum necessary quorum of two shareholders, in accordance with its articles of association.  The AGM will comprise only the formal votes for each resolution set out in the Notice of AGM.

Shareholders are strongly encouraged to vote via completion of a Form of Proxy.  Full details of how to complete the Form of Proxy are contained in the Notice of AGM.  You are strongly advised to appoint the chairman of the meeting as your proxy to ensure your vote is counted.  The chairman of the meeting will direct that all resolutions will take place by way of a poll, rather than on a show of hands, to ensure an accurate reflection of the views of shareholders and ensure that proxy votes are recognised.  The results of the poll votes on the proposed resolutions will be published on the Company's website as soon as possible after the conclusion of the AGM.

Following the AGM, the Company will upload to the Company's website a pre-recorded corporate presentation, together with a Q&A section that will answer questions pre-submitted by shareholders.  Shareholders are encouraged to submit questions to the Company to be included in the Q&A session by Thursday 28 May 2020 via email at IR@cluffnaturalresources.com.

The Board will continue to monitor COVID-19 developments as well as any further UK Government advice and will announce further details if any amendment is required to the arrangements advised above.

Proposed change of name to Deltic Energy Plc

As previously announced, the Company is proposing to change the Company's name to Deltic Energy Plc, conditional on shareholder approval at the AGM.

Under the Companies Act 2006 and the Company's articles of association, a change of name requires the passing of a special resolution of shareholders at a general meeting. Shareholders' approval is being sought for this change of name at the AGM by way of Resolution 7. If Resolution 7 is approved, the change of name will be effective once Companies House has issued a new certificate of incorporation reflecting the change of name. The Company's TIDM will change to 'DELT'. The Company's ISIN and SEDOL numbers will remain unchanged and further announcements in relation to the change of name will be made in due course.  

**ENDS**

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