Exercise of Warrants, Total Voting Rights

Total Voting Rights

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, is pleased to announce the exercise of a total of 33,000,000 warrants at an exercise price of £0.001 per share, raising £33,000 in proceeds for the Company (the "Exercise").

Pursuant to the Exercise, 33,000,000 new Ordinary Shares of £0.00001 each (the "New Ordinary Shares") will be issued to the relevant warrant holder.

The warrants were issued as part of the fundraising in December 2024 and were approved at the General Meeting on 8 January 2025. Following the Exercise, no £0.001 warrants remain outstanding.

Brian Larkin, CEO of United Oil & Gas, commented:

"We are pleased with the Exercise, which strengthens our near-term funding position., Our focus remains firmly on progressing the right strategic farm-out partner for Jamaica and delivering value for our shareholders."

Total Voting Rights and Admission

Application will be made to the London Stock Exchange for the New Ordinary Shares, which will rank pari passu with all existing ordinary shares in the Company, to be admitted to trading on AIM ("Admission"). Admission is expected on or around 19 June 2025.

On Admission, the Total Voting Rights ("TVR") will be 2,061,377,379 . The above figure may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.