Oleeo : Results of Annual General Meeting and General Meeting and Cancellation of admission of Ordinary Shares to trading on AIM

3 December 2019

Oleeo Plc

("Oleeo" or "the Company")

Results of Annual General Meeting and General Meeting

and

Cancellation of admission of Ordinary Shares to trading on AIM

At the Company's Annual General Meeting and General Meeting, both held earlier today, all Resolutions proposed to Shareholders, including the Resolution to approve the cancellation of trading of the Company's Ordinary Shares on AIM, were duly passed.

Following the passing of all Resolutions at the General Meeting, pursuant to Rule 41 of the AIM Rules, upon the approval of not less than 75 per cent. of the votes cast by Shareholders (whether present in person or by proxy) at the General Meeting, the Company will now proceed with the Tender Offer and Cancellation of trading of Ordinary Shares on AIM which will take effect at 7.00 a.m. on 12 December 2019.

The Tender Offer, full details of which are set out in the Company's circular to Shareholders dated 8 November 2019 ("Circular"), will remain open to Eligible Shareholders until 1.00 p.m. on 5 December 2019.

The Circular can be viewed on, and downloaded from, the Company's website at www.oleeo.com.Terms used in this announcement have the same meaning as in the Circular.

For further information:

Oleeo Plc

Charles Hipps, Managing Director,

Telephone: [phone]

Email:[e-mail]

Panmure Gordon (UK) Limited

Nominated Adviser and Broker

Alina Vaskina / Justin Gulston / Ryan Lever

Telephone: [phone]

For more information visit:www.oleeo.com