Further re Issue of Equity and TVR

Further to the "Final Settlement of Legacy Liability and TVR" RNS published on 27th January 2025, United Oil & Gas Plc (AIM: "UOG"), the oil and gas company with a high impact exploration asset in Jamaica and a development asset in the UK confirms that application has been made to the London Stock Exchange for the 59,523,810 new ordinary shares of £0.00001 each (the "Settlement Shares"), which when issued will rank pari passu with the existing ordinary shares in issue, to be admitted to trading on AIM (the "Admission"). It is expected that Admission will become effective and that trading in the Settlement Shares will commence at 8.00 a.m. on 11 February 2025.

Following the issue and allotment of the Settlement Shares, the Company's total issued share capital will consist of 1,915,877,779 ordinary shares with voting rights. The Company does not hold any ordinary shares in treasury.

Accordingly, as from Admission the total number of voting rights in the Company will be 1,915,877,779 and this figure may be used by shareholders in the Company 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 Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.