Jubilant Energy Nv : Funding Agreement Signed..+

RNS No 11 June, 2015 Jubilant Energy N.V.

("Jubilant","the Company" or "the Group")

Funding Agreement Signed

Jubilant is pleased to announce that on June 9, 2015, an operating subsidiary of the Company in India entered into a funding arrangement with Jubilant Enpro Private Limited (JEPL)* for an unsecured loan facility of INR 10,00,00,000 (Rupees Ten Crores) equivalent to approximately USD 1.56 Million (the "Loan"). The Loan has a tenor of seven years and an interest rate of
14% per annum. These funds will be used towards funding the capital, operating and other general corporate expenditure.
The Loan is deemed to be a related party transaction pursuant to AIM Rule 13. The Independent Directors of the Company, having consulted with its nominated adviser, consider that the terms of the Loan are fair and reasonable insofar as its shareholders are concerned.
*JEPL is the holding company of Jubilant Energy (Holding) BV which is a substantial shareholder of the Company, holding approximately 85.0% of the voting rights of the Company. JEPL is directly or indirectly, owned and controlled by Mr S S Bhartia, who is Non Executive Director and Chairman and Mr H S Bhartia, who is Non Executive Director and Co- Chairman of Company.

Enquiries:
Jubilant Energy	Nikhil Pandey	[phone]
Panmure Gordon	Dominic Morley, Adam James	[phone]