Response to Media Speculation

Andalas Energy and Power Plc

(‘Andalas’ or the ‘Company’)

Response to Media Speculation

Andalas Energy and Power Plc, the AIM listed Indonesian focused energy Company (AIM: ADL), notes the recent media speculation regarding the Company undertaking a significantly discounted equity fundraising in the short term.

Andalas confirms that it is currently in discussions with investors concerning a potential fundraising to fund its ongoing activities in Indonesia. The discussions are of a preliminary nature and the Company cannot guarantee that any such fundraising will take place in the short term. Pending the outcome of these discussions, the Company has requested a suspension in trading of its shares on the AIM Market. A further announcement will be made in due course as and when appropriate.

**ENDS**

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR).  Upon the publication of this announcement via a Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

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