GLOBAL OIL SHALE (AUSTRALIA) PTY LTD LICENCE UGRADE AWARDED IN JULIA CREEK OIL SHALE PROJECT BY THE DEPARTMENT OF MINES AND NATURAL RESOURCES IN QUEENSLAND, AUSTRALIA

Global Oil Shale (Australia) Pty Ltd, a fully owned subsidiary of CEMOS Group Plc, has been awarded an upgraded Mineral Development Licence (“MDL”) 522 for its Julia Creek Oil Shale Project in Queensland, Australia.

MDL522 is covering 46,240 hectares resource area, which is the principal area of the Julia Creek Oil Shale Project with JORK indicated oil shale reserves of more than 3 billion tonnes.

The licencing authority for the Global Oil Shale (Australia) Pty Ltd.’s MDL522 is the Department of Natural Resources and Mines of the Government of Queensland in Australia.

For further information contact:

Petri Karjalainen – Executive Chairman
Tel: +44 7811 200 885 e-Mail: pk@cemosgroup.com

Anton Eiguine – Investor Relations
Tel: +44 7768 491 863 e-Mail: ase@cemosgroup.com