Sale and Purchase of Shares

Press Release

For: Chagala Group

Date: October 21, 2016

Re: Sale and Purchase of Shares.

Hong Kong - Chagala Group Limited ("the Company"), 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 that Asian Investment Management Services Limited has purchased 1,256,000 depositary interests representing 6.02% of the total voting rights the Company at a price of $1.55 on 20 October 2016.

After this transaction, Asian Investment Management Services Limited holds 2,360,418 depository interests representing 11.31% of the total voting rights of the Company.

For details please see attached documents. 

http://www.rns-pdf.londonstockexchange.com/rns/1432N_-2016-10-21.pdf

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.

For more information: 

This information is provided by RNS

The company news service from the London Stock Exchange

END

STRLLFLVRVIFIIR