Disposal of Shares

For: Chagala Group

Date: 21 February, 2017

Re: Disposal of Shares

Hong Kong - Chagala Group Limited ("the Comp0any"), the London-listed specialist services and facilities provider to the oil and gas industry in Kazakhstan (symbol: CGLO), announces that the Company has received notification from Eagle Resource Holdings Limited that it has sold 461,765 ordinary shares representing 2.17% of the total outstanding shares of the Company at a price of $1.36 on 15 February 2017.

After this transaction, Eagle Resource Holdings Limited holds 1,493,294 ordinary shares and interests in 208,271 depositary interests in respect of ordinary shares of the Company, representing a total of 8.15% of the voting rights of the Company.

For details please see attached document.

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Chagala Group

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