Result of Meeting

Attis Oil & Gas Ltd / Index: AIM / Epic: AOGL/ ISIN: VGG6622A1057 / Sector: Oil and Gas

5 August 2020

Attis Oil & Gas Ltd ('the Company')

Result of General Meeting and AIM Rule 15

Attis today announces that at the General Meeting of the Company held earlier today, the resolution approving the disposal of the Austin Assets was duly passed by shareholders. Accordingly, the disposal of the Austin Assets has completed.

AIM Rule 15

The Company is now an AIM Rule 15 cash shell and, as such, is required to make an acquisition or acquisitions which constitutes a reverse takeover under AIM Rule 14 (including seeking re-admission under the AIM Rules for Companies) within six months from this date. Alternatively, within such time period, the Company can seek to become an investing company pursuant to AIM Rule 8 (which requires, inter alia, the raising of at least £6 million and the publication of an admission document). In the event that the Company does not complete a reverse takeover under AIM Rule 14 within such six month period or seek re-admission to trading on AIM as an investing company pursuant to AIM Rule 8, the Company's Ordinary Shares would then be suspended from trading on AIM pursuant to AIM Rule 40. Admission to trading on AIM would be cancelled six months from the date of suspension should the reason for the suspension not have been rectified.

**ENDS**

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