Uk Oil & Gas Regulatory News (UKOG)

UK Oil & Gas Investments PLC

("UKOG" or the "Company")

Conversion of Outstanding Loan Notes

UK Oil & Gas Investments PLC (London AIM: UKOG) is pleased to announce that it has agreed with Cuart Investments PCC Ltd and YA II PN Ltd ("Loan Investors") to convert the remaining £1.75 million loan note into equity.

Details of Loan Conversion

UKOG has agreed with the Loan Investors to convert the outstanding £1.75 million convertible loan with an aggregate par value £1.75 million. After today's conversion, the par values outstanding on the loan is zero.

The Company has, therefore, today allotted 151,975,684 new ordinary shares to the Loan Investors). Application will be made for these new ordinary shares to be admitted to trading on AIM and it is anticipated that trading in such shares will commence on or around 9 July 2018.

Following Admission, the Company's enlarged issued share capital will comprise 4,857,240,526 ordinary shares. The Company does not hold any shares in treasury. This figure of 4,857,240,526 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.