Confirmation of Admission - Fundraising Completed

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM

ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF

THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

4 April 2017

IGas Energy plc (AIM: IGAS)

("IGas" or the "Company")

Confirmation of Admission - Fundraising Completed

IGas, a leading UK onshore oil and gas explorer and producer, is pleased to be able to announce that all of the New Ordinary Shares issued in accordance with the terms of the Fundraising were admitted to trading this morning at 8.00am and, as a result, the restructuring of the Company's Secured Bonds and Unsecured Bonds and the Fundraising have now become effective in accordance with their respective terms.

For further information please contact:

IGas Energy plc

Tel: +44 (0)20 7993 9899

Stephen Bowler, Chief Executive Officer

Julian Tedder, Chief Financial Officer

Ann-marie Wilkinson, Director of Corporate Affairs

Investec Bank plc (NOMAD and Joint Corporate Broker)

Tel: +44 (0)20 7597 4000

Sara Hale/Jeremy Ellis/George Price

Canaccord Genuity (Joint Corporate Broker)

Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor

Vigo Communications

Tel: +44 (0)20 7830 9700

Patrick d'Ancona/Chris McMahon