Notification of delayed interest payments
Notification of delayed interest payments – payment administration issue to clearing systems
Description of Notes | CUSIP / ISIN | Amount Outstanding |
USD 5.00% Senior Secured Notes due 2026 | Reg S: CUSIP: N64884AF1 / ISIN: USN64884AF16 Private Placement: CUSIP: 66978CAF9 / ISIN: US66978CAF95 | USD $244,372,000 |
USD 1.00%/13.00% Senior Unsecured Notes due 2026 | Reg S: CUSIP: N64884AE4 / ISIN: USN64884AE41 Private Placement: CUSIP: 66978CAD4 / ISIN: US66978CAD48 | USD $456,279,196
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London and the Netherlands, 10 July 2025 – Nostrum Oil & Gas Finance B.V. (the “Issuer”), a wholly-owned subsidiary of Nostrum Oil & Gas PLC (the “Parent”), was required by June 30, 2025 to have paid accrued interest in accordance with the terms and conditions of the Issuer’s outstanding notes with ISIN USN64884AF16, US66978CAF95, USN64884AE41 and US66978CAD48 (the “Notes”). The Notes are guaranteed by, among other entities, the Parent. The Issuer hereby notifies that, as of July 10, 2025, it has not paid the due interest in accordance with the terms and conditions of the Notes.
The delay is the result of a payment administration issue which currently does not permit the Issuer to make a payment on the Notes through the clearing systems. The delay in the interest payments does not reflect any issue of the Parent’s or Issuer’s solvency or liquidity. All underlying funds for making the interest payments are available and secured. The Issuer is currently working to resolve the relevant issues.
LEI: 2138007VWEP4MM3J8B29
Further information
For further information please visit www.nostrumoilandgas.com
Further enquiries:
Nostrum Oil & Gas PLC
Thomas Hartnett – Chief Legal Officer / Company Secretary
ir@nog.co.uk
Instinctif Partners – UK
Galyna Kulachek
Tim Pearson
+ 44 (0) 207 457 2020
Notifying person
Thomas Hartnett
Company Secretary
About Nostrum Oil & Gas
Nostrum Oil & Gas PLC is an independent oil and gas company currently engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin. Its shares are listed on the London Stock Exchange (ticker symbol: NOG), the Astana International Exchange (ticker symbol: NOG) and the Kazakhstan Stock Exchange (ticker symbol: GB_NTRM). The principal producing asset of Nostrum Oil & Gas PLC is the Chinarevskoye field, that is being operated by a wholly-owned subsidiary of Nostrum Oil & Gas PLC – Zhaikmunai LLP, who is the sole holder of the subsoil use rights with respect to the development of the field.
Forward-Looking Statements
Some of the statements in this document are forward-looking. Forward-looking statements include statements regarding the intent, belief and current expectations of the Company or its officers with respect to various matters. When used in this document, the words “expects”, “believes”, “anticipates”, “plans”, “may”, “will”, “should” and similar expressions, and the negatives thereof, are intended to identify forward-looking statements. Such statements are not promises nor guarantees and are subject to risks and uncertainties that could cause actual outcomes to differ materially from those suggested by any such statements.
No part of this announcement constitutes, or shall be taken to constitute, an invitation or inducement to invest in the Company or any other entity, and shareholders of the Company are cautioned not to place undue reliance on the forward-looking statements. Save as required by the relevant listing rules and applicable law, the Company does not undertake to update or change any forward-looking statements to reflect events occurring after the date of this announcement.