Appointment of Shore Capital as Joint Broker

26 July 2022

Union Jack Oil plc

("Union Jack" or the "Company")

Appointment of Shore Capital as Joint Broker

Union Jack Oil plc (AIM: UJO) a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce the appointment of Shore Capital as Joint Broker to the Company, with immediate effect.

SP Angel will continue as Nominated Adviser and as Joint Broker to Union Jack.

Executive Chairman of Union Jack commented: "Following a period of strong growth, which has transformed Union Jack into a cash generative producer with a robust balance sheet and no debt, we are delighted to add Shore Capital to our roster of advisers.

"Shore Capital enjoys a strong reputation in the AIM E&P sector and we are confident that this appointment will enhance and broaden Union Jack's profile amongst institutional investors in particular."

For further information, please contact

Union Jack Oil plc info@unionjackoil.com

David Bramhill

SP Angel Corporate Finance LLP +44 (0)20 3470 0470

Nominated Adviser and Joint Broker

Matthew Johnson

Richard Hail

Caroline Rowe

Shore Capital +44 (0)20 7408 4090

Joint Broker

Toby Gibbs

Iain Sexton