Tower Resources plc (the “Company” or “Tower” (TRP.L, TRP LN)), the AIM-listed Africa-focussed oil and gas exploration company, announces that its Annual Report and accounts for the year ended 31 December 2015 together with Notice of AGM and a circular relating to the Proposed Share Capital Reorganisation has been posted to shareholders.

The AGM is convened to be held at the offices of Peel Hunt LLP, Moor House, 120 London Wall, London EC2Y 5ET on Wednesday 6 April 2016 at 2:30pm.

As previously announced in the Preliminary Results to 31 December 2015 on 7 March 2016, at the AGM the Company intends to propose to restructure and consolidate the Company’s shares such that for each 250 shares currently held shareholders will receive one new share. The timetable relating to the AGM and capital reorganisation is shown below.

Expected Timetable of Events:

Circular posted to Shareholders – 14 March 2016

Latest time and date for receipt of Forms of Proxy – 2.30 pm on 4 April 2016

Annual General Meeting – 2.30 pm on 6 April 2016

Record time and date for the Share Capital Reorganisation – 6.00 pm on 6 April 2016

Admission of the New Ordinary Shares to trading on AIM – 8.00 am on 7 April 2016

Expected date on which CREST accounts are to be credited – 7 April 2016

Expected date by which definitive new share certificates are to be despatched – 21 April 2016

Contacts
Tower Resources

Graeme Thomson (CEO)
Andrew Matharu (VP – Corporate Affairs)
+44 20 7253 6639

Peel Hunt LLP (Nominated Adviser and Broker)

Richard Crichton/Ross Allister
+44 20 7418 8900

Vigo Communications

Chris McMahon/ Alex Aleksandrov
+44 20 7016 9572

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