Angus Energy plc has entered into a £3 Million loan facility with YA II PN Ltd. and Riverfort Global Capital. Proceeds of the financing will be primarily deployed for the future development of the Balcombe Field Discovery. The Company, on 9 January 2019, entered into an agreement with YA II PN Ltd. and Riverfort Global Opportunities PCC Limited (the "Noteholders") for a 2-year £3 million loan facility. The Facility may be drawn down in tranches ("Advances") over a 24-month commitment period at the sole discretion of the Company and carry 0% interest. In respect of each Advance an implementation and commitment fee equal to 8.5% is payable from the principal drawn down. The Company intends to immediately draw down £1.5 million under the Facility ("Initial Advance")

The Company further announced that Rob Shepherd, non-executive director of the Company, resigned subsequent to this event from the Board with immediate effect.