Uk Oil & Gas Regulatory News (UKOG)

UK Oil & Gas Investments Plc

("UKOG" or the "Company")

Exercise of Warrants

UKOG announces that it has today received notices of the exercise of warrants (the "Exercise") to subscribe for a total of 59,333,334 new ordinary shares in the Company (the "New Ordinary Shares"). The exercise price of the warrants is 0.35 pence. The warrants had been issued in conjunction with an equity placement announced on 5 December 2013 with an expiry date of 31 December 2014 and have now all been exercised in full.

Application is being made for the Placing Shares, which will on issue rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and such admission is expected to occur on or around 28 November 2014.

The Company will therefore have 1,649,063,509 Ordinary Shares in issue with voting rights and admitted to trading on AIM. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

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