Issue of Equity

Block Energy Plc / Index: AIM / Epic: BLOE.L / Sector: Oil and Gas

Block Energy Plc ('the Company' or 'the Group')

Issue of Equity

Block Energy Plc, the exploration and production company focused on the Republic of Georgia, announces that it has today issued 500,000 new ordinary shares of 0.25p each at an issue price of 4p per ordinary share ("Ordinary Shares"). These shares have been issued in lieu of fees due to one of the Company's professional advisers.

Application will be made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on or around 19 June 2018 ("Admission").

In conformity with the Disclosure Guidance and Transparency Rules, the Company notifies the market of the following:

Following Admission the Company's issued share capital consists of 259,047,601 Ordinary Shares with one voting right each. The Company does not hold any shares in Treasury. Therefore, the total number of voting rights in the Company is 259,047,601. Thereafter, the above figure of 259,047,601 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules

**ENDS**

For further information visit www.blockenergy.co.uk or contact: