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MONTAUK RENEWABLES INC - Montauk Renewables Set to Join Russell 3000 Index, Added to MSCI USA Small Cap Index

Release Date: 17/06/2022 08:40
Code(s): MKR     PDF:  
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Montauk Renewables Set to Join Russell 3000® Index, Added to MSCI USA Small Cap Index

MONTAUK RENEWABLES, INC.
Incorporated in the United States of America
Company number: 85-3189583
NASDAQ share code: MNTK
JSE share code: MKR
ISIN: US61218C1036
(“Montauk Renewables” or the “Company”)


Montauk Renewables Set to Join Russell 3000® Index, Added to MSCI USA Small Cap Index


PITTSBURGH – June 17, 2022 – Montauk Renewables, Inc. ("Montauk” or “the Company") (NASDAQ: MNTK), a
renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural
gas (“RNG”), today announced that it will join the broad-market Russell 3000® Index at the conclusion of the 2022 Russell
indexes annual reconstitution, effective after the US market opens on June 27, according to a preliminary list of additions
posted June 3. In addition, Montauk Renewables was recently added to the MSCI Global Small Cap Indexes within the
MSCI USA Small Cap Index, which became effective after the market close on May, 31, 2022.


Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 6, ranking them by total market
capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic
inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and
value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-
capitalization rankings and style attributes.


“Montauk’s upcoming inclusion in the Russell 3000® Index and recent addition to the MSCI USA Small Cap Index,
demonstrates our recent progress and marks another significant capital markets milestone for the Company following our
initial public offering and listing on the Nasdaq in January 2021,” commented Sean McClain, President and Chief
Executive Officer. “We welcome the increased exposure to the institutional investor community as we continue to execute
against our strategic plan to optimize our existing operations and position ourselves for further growth with on-going
evaluation of various strategic opportunities.”


Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks
for active investment strategies. Approximately $12 trillion in assets are benchmarked against Russell’s US indexes.
Russell indexes are part of FTSE Russell, a leading global index provider.


For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the “Russell
Reconstitution” section on the FTSE Russell website.


The MSCI Global Small Cap Indexes captures small cap representation across 23 Developed Markets (DM) countries.
With 4,493 constituents, the index covers approximately 14% of the free float-adjusted market capitalization in each
country.


About Montauk Renewables, Inc.


Montauk Renewables, Inc. (NASDAQ: MNTK) is a renewable energy company specializing in the management, recovery
and conversion of biogas into RNG. The Company captures methane, preventing it from being released into the
atmosphere, and converts it into either RNG or electrical power for the electrical grid (“Renewable Electricity”). The
Company, headquartered in Pittsburgh, Pennsylvania, has more than 30 years of experience in the development,
operation and management of landfill methane-fueled renewable energy projects. The Company has current operations at
15 operating projects located in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina and Texas. The
Company sells RNG and Renewable Electricity, taking advantage of Environmental Attribute premiums available under
federal and state policies that incentivize their use. For more information, visit https://ir.montaukrenewables.com.


About FTSE Russell


FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors
worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in
more than 70 countries, covering 98% of the investable market globally.


FTSE Russell index expertise and products are used extensively by institutional and retail investors globally.
Approximately $20 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners,
asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment
performance and create ETFs, structured products and index-based derivatives.


A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based
methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying
the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also
focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its
offering.


FTSE Russell is wholly owned by London Stock Exchange Group.


For more information, visit www.ftserussell.com.


About MSCI


MSCI is a leading provider of critical decision support tools and services for the global investment community. With over
45 years of expertise in research, data and technology, we power better investment decisions by enabling clients to
understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-
leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment
process. To learn more, please visit www.msci.com.


Company Contact:


John Ciroli
Vice President, General Counsel and Secretary
investors@montaukenergy.com
(412) 747-8700


Investor Relations Contact:
Georg Venturatos
Gateway Investor Relations
MNTK@GatewayIR.com
(949) 574-3860


Pittsburgh, PA USA
17 June 2022

Sponsor
Investec Bank Limited

Date: 17-06-2022 08:40:00
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