Statement re share price movement

UK Oil & Gas Investments PLC

("UKOG" or the "Company")

Statement re share price movement

The Company notes the recent share price movement and market commentary regarding a study to be published by Ernst and Young (EY) which assesses the potential impact and benefit of tight oil extraction from the Kimmeridge limestones. UKOG confirms that it has commissioned this report although it has not yet been published. The Company will make a further announcement in due course.

For further information please contact:

UK Oil & Gas Investments PLC

Stephen Sanderson / Jason Berry Tel: 020 7440 0640

WH Ireland (Nominated Adviser and Broker)

James Joyce / Mark Leonard Tel: 020 7220 1666

Square 1 Consulting (Public Relations)

David Bick / Brian Alexander Tel: 020 7929 5599