Issue of Equity

88 ENERGY LIMITED - Issue of Equity

PR Newswire

London, March 17

88 Energy Limited

Issue of Equity

88 Energy Limited ("88E" or the "Company") confirms that it has today issued a total of 3,000,000

fully paid ordinary shares ("Ordinary Shares") pursuant to the exercise of options.

Application has been made for admission of 3,000,000 Ordinary Shares to trading on AIM, which is expected to occur on 24 March 2016. Following the issue of the Ordinary Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has 3,177,864,656 ordinary shares in issue, all of which have voting rights.

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