NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT 2018.

08 August 2024

UK Oil and Gas PLC

("UKOG" or the "Company") 

Results of Retail Offer

UK Oil and Gas PLC (AIM: UKOG) is pleased to announce that, further to its announcement of 5^th August 2024, it has conditionally raised approximately £248,204 (before expenses) via the conditional issue of 496,408,000 new ordinary shares of £0.000001 each in the capital of the Company (the "Retail Offer Shares") at a price of 0.05 pence per share pursuant to its offer to its existing retail shareholders via CMC CapX (the "Retail Offer").

For the avoidance of doubt, the Retail Offer is separate from and does not form part of the Placing announced on 5^th August 2024.

The issue of the Retail Offer Shares is conditional upon the passing of the resolutions to be put to shareholders of the Company at a General Meeting, to be held via a virtual platform on 21^st August 2024. The Retail Offer and the Placing are conditional on the Fundraising Shares being admitted to trading on the AIM market operated by London Stock Exchange plc ("Admission"). Admission is expected to take place at 8.00 a.m. on or around 27^th August 2024. Completion of the Retail Offer is conditional, inter alia, upon the completion of the Placing.

Admission to trading

Application will be made to AIM for Admission, which is expected to become effective and dealings in the Retail Offer Shares to commence at, 8.00 a.m. on or around 27^th August 2024.

Following Admission, the total voting rights in the Company will therefore be 11,140,761,388 and Shareholders will be able to use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.

For further information, please contact:

UK Oil & Gas Plc

Stephen Sanderson / Guzyal Mukhametzhanova                                                                  Tel: 01483 941493

Zeus Capital Limited (Nominated Adviser and Broker)    

James Joyce / James Bavister / Andrew de Andrade                                                           Tel:  0203 829 5000

CMC Markets (Joint Broker)

Douglas Crippen                                                                                                                         Tel:  0203 003 8632

Communications

Brian Alexander                                                                                                                            Tel: 01483 941493  

Retail Offer

CMC CapX                                                                                           [email protected] Tel: 0203 003 8632

This announcement should be read in its entirety. In particular, the information in the "Important Notices" section of the announcement should be read and understood.

Important Notices

The contents of this announcement have been prepared by and issued by the Company and is the sole responsibility of the Company. The Board of Directors of the Company are responsible for arranging the release of this announcement on behalf of the Company.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States.  The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

This announcement and the information contained herein is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into or from Australia, Canada, Japan, the Republic of South Africa, or any other jurisdiction where to do so might constitute a violation of the relevant laws or regulations of such jurisdiction.

The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

CMC CapX is a software and technology platform owned and operated by CMC Markets UK plc (trading as CMC CapX) (registered address at 133 Houndsditch, London, EC3A 7BX). CMC Markets UK plc ("CMC") is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for the Company and for no-one else and will not regard any other person (whether or not a recipient of this announcement) as its client in relation to the Retail Offer and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice in connection with the Retail Offer, Admission and the other arrangements referred to in this announcement.