IGAS.L Regulatory News (IGAS)

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

30 November 2016

IGas Energy plc (AIM: IGAS)

("IGas" or the "Company")

Corporate Update

Further to the announcement of 12 October 2016 relating to the Bond Summons, the Company confirms that it continues to have discussions with key bondholders as well as a number of strategic investors.

The Company will present proposals in due course following the conclusion of these discussions, and will provide further updates as and when appropriate.

For further information please contact:

IGas Energy plc

Tel: +44 (0)20 7993 9899

Stephen Bowler, Chief Executive Officer

Julian Tedder, Chief Financial Officer

Ann-marie Wilkinson, Director of Corporate Affairs

Investec Bank plc (NOMAD and Joint Corporate Broker)

Tel: +44 (0)20 7597 4000

Sara Hale/Jeremy Ellis/George Price

Canaccord Genuity (Joint Corporate Broker)

Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor

Vigo Communications

Tel: +44 (0)20 7830 9700

Patrick d'Ancona/Chris McMahon