Communication Proger Manager & Partners S.r.l.

Below is the note sent by Proger Manager & Partners S.r.l. (PMP) in response to the news spread during the recent days regarding alleged breaches committed by the latter in relation to the agreement executed in 2019 with Cadogan Petroleum Holdings BV, indirectly controlled by Cadogan Petroleum PLC. The dispute between Cadogan and PMP sees Proger S.p.A. completely extraneous to the facts.