IOG.L Regulatory News (IOG)

8 May 2019

Independent Oil and Gas plc

("IOG" or the "Company")

Result of AGM

Independent Oil and Gas plc (AIM: IOG.L), the development and production focused Oil and Gas Company, announces that all resolutions put to shareholders at the Company's Annual General Meeting ("AGM") held today, were duly passed.

The Company is also pleased to announce that it has confirmed the vesting criteria for the options awarded to directors, senior managers and employees on 1 May 2019 (the "Options"). As announced on 1 May, the Options will vest three years from the date of grant and additionally subject to the sanction of the development of Phase 1 of the Company's Core Project in the Southern North Sea (as set out in the announcement of 1 April 2019); the 30 day volume weighted average price per ordinary share in the capital of the Company being not less than 25p at the time of vesting; and certain health and safety targets having been met.

-ENDS-

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

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