Appointment of Joint Broker

24 January 2017

Baron Oil plc

Appointment of Joint Broker

The Board of Baron Oil plc ("Baron" or "the Company"), the independent oil and gas exploration and production company, is pleased to announce that it has appointed S P Angel Corporate Finance LLP as the Company's joint broker with immediate effect.

Cantor Fitzgerald remains the Company's Nominated Advisor and Joint Broker.

For further information on the Company, visit www.baronoilplc.com or contact:

Baron Oil Plc: Tel: +44 (0)1892 838948

Malcolm Butler (CEO)

Cantor Fitzgerald (Nominated Advisor and Joint Broker): Tel: +44 (0)20 7894 7000

Sarah Wharry (Corporate Finance)

Alex Pollen (Corporate Broking)

SP Angel (Joint Broker) Tel: +44 (0)20 7470 0470

Richard Hail / Richard Redmayne