Statement re Sale of Shares

For: Chagala Group

Date: November 15, 2018

Re: Sale 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 a notification that Eagle Resource Holdings Limited sold 1,163,330 ordinary shares in respect of shares in the Company representing 5.47% of the total voting rights at the price of $1.5 per share on 22nd October 2018.

After this transaction, Eagle Resource Holdings Limited holds no direct or indirect interests over any shares or voting rights in the Company.

For details please see attached documents: 

http://www.rns-pdf.londonstockexchange.com/rns/4487H_1-2018-11-15.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.

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