Statement re JKX Shareholder Vote

Proxima Welcomes JKX Shareholder Vote

28 January 2016, London - Proxima Capital Group ("Proxima"), the independent investment firm that is the second largest single shareholder in JKX Oil & Gas Plc ("JKX" or "the Company"), welcomes the results from today's General Meeting at which shareholders comprehensively approved all the resolutions they had put forward.

Proxima Capital Group CEO Vladimir Tatarchuk said: "We are delighted that all our resolutions were passed unconditionally, without having to rely on the votes of shareholders that are subject to legal dispute. We look forward to playing our part as a shareholder in supporting the company as it goes forward."

ENDS

About Proxima Capital Group

Founded in 2013, Proxima Capital Group is an independent proprietary investment and advisory firm. Our independent status, without any external affiliations, ensures that we always act in the best interest of clients and it helps us to seek out the most effective solutions without any vested interest constraints.

PCG employs a team of highly skilled professionals, including four partners. Each of the partners has had at least 15 years of successful practice in their sector. Members of our team have completed more than 100 M&A and fund-raising transactions.

The highest priority of our work is mutual trust and client-focused service. PCG believes in a comprehensive and tailor-made approach - our team is able to provide our customers with a variety of business services simultaneously. Our specific areas of expertise include turnaround management, M&A, fund raising and debt restructuring. More details can be found at www.proximagroup.ru

A full copy of the Proxima Capital Group circular, which contains more details on Proxima's proposed turnaround strategy, can be downloaded here: (http://www.proximagroup.ru/en/news/) 

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