Result of AGM & Changes re Directorate

RNS Number : 3951C

Baron Oil PLC

27 June 2016

BARON OIL PLC

("Baron Oil" or "the Company")

Result of AGM and Directorate Change

Baron Oil, the AIM-listed oil and gas exploration and production company, announces that at the Annual General Meeting of the Company (the "AGM"), which took place earlier today, all resolutions outlined in the Notice of AGM were duly passed. Details of the proxy votes are below.

In addition, Mr William Colvin announced at today's AGM that he will step back from his role as Executive Chairman to become Non-Executive Chairman with immediate effect. Dr Malcolm Butler, a non-executive director of the Company, will become Chief Executive Officer and Mr Geoff Barnes, a non-executive Director, will become Finance Director, both with immediate effect.

The proxy votes received on each resolution proposed at the AGM were as follows. A vote withheld is not a vote in law and has not been counted in the votes for and against a resolution.

	For	Against	Withheld	Discretion
Ordinary Resolutions
1. to receive accounts	233,484,838	18,592	32,297	203,804
2. to re-appoint auditors	233,488,774	4,000	32,297	216,535
3. to re-elect Malcolm Butler as a Director	233,491,505	14,000	32,297	203,804
4. to re-elect Geoffrey Barnes as a Director	233,456,774	26,731	54,297	203,804
5. to provide the Directors with authority to allot shares	233,334,041	115,464	88,297	203,804
Special Resolution
6. to dis-apply pre-emption rights	233,381,894	103,380	39,797	216,535