Interim results for the six months ended 30.06.16

Date - August 22, 2016

Chagala Group Limited

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

Interim results for the six months ended 30 June 2016

Chagala Group Limited, the London-listed specialist services and facilities provider to the oil and gas industries in Kazakhstan (symbol: CGLO), is pleased to announce its unaudited interim results for the six months ended 30 June 2016.

Financial Highlights:

In thousands of US Dollars

- Total revenue decreased to $10,027 (HY2015: $12,826)

- Operating Profit increased to $2,152 (HY2015: $1,755)

- Profit before income tax increased to $1,493 (HY 2015: $728)

- Total Assets of $93,668, increased from 31 December 2015 ($92,851)

Operational Highlights:

- Awarded new lease agreement for office space with NCOC in Atyrau

- Completed reconstruction and refurbishment of an office building in the city of Uralsk to become the headquarters of the Karachaganak Petroleum Operating (KPO) consortium, one of the largest companies involved in the development of gas condensate fields in Kazakhstan.

Svetlana Mendesh, Chief Financial Officer

We see the positive results and expect the second half of the year to build on the first and continue to deliver improved results. The market we operate in is constantly changing and is not always providing us with many easy opportunities. But I am cautiously optimistic about this year and I believe many of the pieces are in place to make 2016 a good year for Chagala Group and on behalf of the Group, I would like to thank our clients, partners and staff for their support and trust.

The interim report is also available for viewing at www.chagalagroup.com

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For additional information please contact the Chagala Group at:

Telephone: +7 727 355 04 84

Email: [email protected]