Annual Report and Notice of AGM

28 July 2015

Hardy Oil and Gas plc

("the Company)

Annual Report and Accounts and Notice of Annual General Meeting

Hardy Oil and Gas plc (LSE: HDY), the oil and gas exploration and production company focused in India, announces that it has published its Annual Report and Accounts for the twelve months ended 31 March 2015 (the "Annual Report and Accounts").

The Company's 2015 Annual General Meeting will be held at Skene House Rosemount, 96 Rosemount Viaduct, Aberdeen, AB25 1NX on Thursday, 3 September 2015 at 11.00 am. A copy of the Annual Report and Accounts is available to view on the Company's website: www.hardyoil.com .

In accordance with Listing Rule 9.6.1, a copy of each of the Annual Report and Accounts, the Notice of the Annual General Meeting 2015 and the form of proxy in relation to the Annual General Meeting 2015 have been submitted to the UK Listing Authority via the National Mechanism and will be available for viewing shortly www.morningstar.co.uk .

For further information please visit www.hardyoil.com or contact:

Hardy Oil and Gas plc +44 (0) 1224 612900

Richard Galvin

Treasurer & Corporate Affairs Executive

Tavistock Communications +44 (0) 20 7920 3150

Simon Hudson

Ed Portman

NOTES TO THE EDITORS

Hardy Oil and Gas plc is an upstream oil and gas company focused in India. Its portfolio includes a blend of exploration, appraisal and production assets. Hardy's goal is to evaluate and exploit its asset base with a view to creating significant value for its shareholders.

Hardy Oil and Gas plc is the operator of PY-3 oil field (shut-in July 2011) located offshore India's east coast in the Cauvery basin. Hardy also has interests in two offshore exploration blocks in India's Saurashtra and Cauvery basins.

Hardy is incorporated under the law of the Isle of Man and headquartered in Aberdeen, UK. Ordinary shares of Hardy were admitted to the Official List and the London Stock Exchange's market for listed securities effective 20 February 2008 under symbol HDY.

The Company's India assets are held through the wholly owned subsidiary, Hardy Exploration & Production (India) Inc, located in Chennai, India.

For further information please refer to our website at www.hardyoil.com.

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