Exercise of warrants and TVR

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 226,249,999 warrants at an exercise price of £0.00225 per share, raising £509,062.50 in proceeds for the Company.

The warrants were issued as part of the fundraising in October 2025 and were approved at the General meeting on 27 October 2025. As a result, 226,249,999 new Ordinary Shares of £0.00001 each (the “New Ordinary Shares”) will be issued to the relevant warrant holders.

Before their expiry on 28 October 2026, 557,333,332 warrants were exercised at £0.00225 each, generating total proceeds of £1,254,000 for the Company.

Admission to Trading and Total Voting Rights

Application will be made to the London Stock Exchange for the 226,249,999 New Ordinary Shares to be admitted to trading on AIM (the “Admission”). It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on or around 4 November 2026.

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

Following Admission, the Company’s enlarged issued share capital will be 5,193,355,200 Ordinary Shares with voting rights. From Admission, 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.