UK Oil & Gas Regulatory News (UKOG)

For immediate release

6 January 2014

UK Oil & Gas Investments Plc

("UKOG" or the "Company")

Share Issue

The Board has been informed that the sole holder of "B" Ordinary Shares has completed the sale of its entire holding of 18,390 "B" Ordinary Shares. As a consequence of this disposal, the "B" Ordinary Shares convert automatically into new "A" Ordinary Shares.

Accordingly, application to trading on AIM has been made to the London Stock Exchange in respect of the 18,390 new "A" Ordinary Shares, with admission expected to take place on 10 January 2014 and the "B" Ordinary Shares will be cancelled from trading as at the same date.

The Company therefore has 807,396,843 Ordinary Shares (comprising 807,396,843 "A" Ordinary Shares and nil "B" 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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