DGOC.L Regulatory News (DGOC)

16 July 2018

Diversified Gas & Oil PLC

("DGO" or the "Company")

Result of General Meeting

Acquisition of EQT entities holding certain gas and oil assets for $575 million (the "Acquisition")

Placing of 195,330,000 new Ordinary Shares at 97 pence per Ordinary Shareto raise approximately $250 million

Admission of Enlarged Share Capital to trading on AIM

Diversified Gas & Oil PLC (AIM: DGOC), a US based gas and oil producer, is pleased to announce that each of the resolutions put to Shareholders at the General Meeting held earlier today were duly passed.

Following approval by Shareholders, the Company will complete the Acquisition on 18 July 2018. The total consideration for the Acquisition is $575 million (subject to adjustment in accordance with the terms of the EQT Acquisition Agreement). A further announcement will be made once the Acquisition has been completed.

Following approval by Shareholders the Placing Shares have been issued and allotted. Dealings in the Enlarged Share Capital will commence on AIM at 8.00 am on 17 July 2018 ("Admission").

At Admission the total voting rights in the Company will be 506,806,087 Ordinary Shares. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure Guidance and Transparency Rules.

Defined terms used in this announcement have the same meaning as set out in the Company's Admission Document dated 29 June 2018.