Schedule 1 - Andalas Energy & Power Plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Andalas Energy & Power plc

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Registered address: IOMA House

Hope Street

Douglas

Isle of Man

IM1 1AP.

Trading Address: c/o PT Mitra Selaras Fortsindo

Mid Plaza 1 Lt.17

Jl Jend Suidrman Hav

10-11, Karet Tengsin - Tanah Abang

Jakarta Pusat 10220

Indonesia.

COUNTRY OF INCORPORATION:

Isle of Man

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.andalasenergy.co.uk

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Andalas Energy & Power plc ("Andalas") is an existing Aim Investment Company which is completing a reverse takeover pursuant to Rule 14 of the AIM Rules to become an operating company. On completion of the reverse takeover Andalas will be an oil & gas exploration and production company which has entered into an agreement to farm-in to a 30% interest in the Tuba Obi East ("TOE") Technical Assistance Contract ("TAC") in the South Sumatra Basin on the island of Sumatra, within the Republic of Indonesia.

The Company's strategy is to build an Indonesian energy company capturing revenue streams from both power generation and upstream gas exploration and production activities. The Company plans to secure gas supply and to monetise this supply through gas sales to local Indonesian power producers, export pipelines and developing independent power generation operations. The Company will also be opportunistic in identifying and evaluating potential oil producing targets.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

2,448,138,803 Ordinary Shares of no par value at an issue price of 0.2p

CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Placing of £2,615,169 million

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

11.5%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED:

N/A

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Mr. Paul Cyril Warwick (Non-Executive Chairman)

Mr. David Robert Whitby (Chief Executive Officer)

Mr. Daniel Bandholtz Jorgensen (Finance Director)

Mr. Simon George Gorringe (Proposed Chief Operating Officer)

Mr. Ross Michael Warner (Executive Director)

Mr. Graham Roger Smith (Non-Executive Director)

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

N/A

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 30 April

(ii) 31 October 2015 (on company website)

(iii) 2016 Annual Report - 31 October 2016

2016 Half-yearly Report - 31 January 2017

2017 Annual Report - 31 October 2017

EXPECTED ADMISSION DATE:

16 May 2016

NAME AND ADDRESS OF NOMINATED ADVISER:

Cantor Fitzgerald Europe

One Churchill Place

Canary Wharf

London, E14 5RB

NAME AND ADDRESS OF BROKER:

Cantor Fitzgerald Europe

One Churchill Place

Canary Wharf

London, E14 5RB

Cornhill Capital Limited

4th Floor, 18 St Swithin's Lane

London, EC4N 8AD

Peterhouse Corporate Finance Limited

3rd Floor, New Liverpool House

15 Eldon Street

London, EC2M 7LD

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The Company's Admission Document will be available from its website at www.andalasenergy.co.uk. The Admission Document will contain full details of Andalas Energy & Power plc and the Admission of its Ordinary Shares.

DATE OF NOTIFICATION:

27 April 2016

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