UK Oil & Gas Investments Plc

("UKOG" or the "Company")

Media Speculation

The Company notes speculation in today's media in relation to a fundraising. The Company can confirm that it is currently in talks with potential investors for a fundraising of at least £4.5 million at a targeted price of approximately 2.25p. There is no assurance the Company will proceed with any fundraising.

For further information, please contact: