Exercise of Warrants

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 2,500,000 warrants at an exercise price of £0.0015 per share, raising £3,750 in proceeds for the Company.

The warrants were issued as part of the fundraising in December 2024 and were approved at the General meeting on 8 January 2025. As a result, 2,500,000 new Ordinary Shares of £0.00001 each (the "New Ordinary Shares") will be issued to the relevant warrant holders.

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

"We are pleased to have received further support from warrant holders, which strengthens our near-term funding position. Our focus remains on progressing the farmout of the Jamaican licence 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 to be admitted to trading on AIM ("Admission"). Admission is expected on or around 26 June 2025. At Admission, the Total Voting Rights ("TVR") will be 2,063,877,779. 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.

The New Ordinary Shares will be issued and credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after the admission of those Ordinary Shares and will otherwise rank on Admission pari passu in all respects with each other and with the existing Ordinary Shares in the Company.