Appointment of Broker

Date: 2 November 2017

Chagala Group Limited

('Chagala,' the 'Company,' or the 'Group')

Appointment of Broker

 Chagala, (LSE: CGLO) the Investor in specialist services and facilities provider to the oil and gas industries in Kazakhstan, is pleased to announce the appointment of Shard Capital Partners LLP ("Shard") as Broker with immediate effect.

-Ends-

For more information contact:

Chagala Group Limited +7 (727) 35 04 84

Francisco Parrilla, Chief Executive

Svetlana Mendesh, Chief Financial Officer

Shard Capital Partners LLP +44 (0) 207 186 9967

(Broker)

Philip Pooley

PR information

Inna An   +7 (727) 239 11 33