Appointment of Joint Broker

09 July 2013

ELAND OIL & GAS PLC

("Eland" or the "Company")

Appointment of Joint Broker

Eland Oil & Gas PLC (AIM: ELA), an oil & gas development and exploration company operating in West Africa with a principal focus on Nigeria, is pleased to announce the appointment of FirstEnergy Capital LLP as joint broker to the Company with immediate effect.

For further information:

Eland Oil & Gas PLC (+44 (0) 207 016 3180)

Les Blair, CEO

George Maxwell, CFO

Edward Cozens, IR

Canaccord Genuity Limited (+44 (0) 207 523 8000)

Henry Fitzgerald-O'Connor

Peter Stewart

FirstEnergy Capital LLP (+44 (0) 207 448 0200)

Majid Shafiq

Khalid Ahmed

Citigate Dewe Rogerson (+44 (0) 207 638 9571)

Martin Jackson

Jack Rich