COVID-19 Press release

Dear shareholders,

As countries across the world face an unprecedented public health crisis, we at Cindrigo have taken action where we can to slow the effect of COVID-19 on our business. We are taking measures to protect the health and well-being of our people and maintain business continuity as much as we possibly can.

Cindrigo Energy Ltd has been impacted with delays due to the situation with the COVID-19. Planned meetings and site visits have had to be postponed during this period. Our Engineering Procurement and Construction contractors China Energy team had already been delayed from Chinese New Year (late January), with quarantine and travel restrictions up until just recently when they were back in office. Some weeks ago, the Ukrainian Government announced closures to all border including airports for in and out bound travel. We are constantly monitoring the position of the Ukrainian government to understand when the lockdown will be lifted by them. Meanwhile is the local team in Ukraine continuing its work with the contractual, construction and operational preparation, as well as for the planned site visits.

In this time of uncertainty, we look forward to providing you further updates on our progress.

Our management team has the experience, confidence and strategy to drive through challenging times. We will continue to maintain a tight focus on costs and operations to manage our business responsibly considering the continuing economic environment.

Stay safe and healthy.