UK Oil & Gas Investments PLC

("UKOG" or the "Company")

Correction: Total Voting Rights

Further to the announcement made on 26 May 2016 in respect of the placing for  further funding for Weald Basin activities, UKOG advises that, following admission, the Company's issued share capital will consist of 2,354,003,469 Ordinary Shares with no Ordinary Shares held in treasury. All other statements in the announcement made on 26 May 2016 remain correct.

Therefore, the above figure of 2,354,003,469 may be used by shareholders 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 UK Oil & Gas Investments PLC under the FCA's Disclosure and Transparency Rules.

For further information, please contact:

UK Oil & Gas Investments PLC

Stephen Sanderson / Jason Berry                                                                             Tel: 020 7440 0640

WH Ireland (Nominated Adviser and Broker)

James Joyce / Mark Leonard                                                                                      Tel: 020 7220 1666

Square 1 Consulting (Public Relations)

David Bick / Brian Alexander                                                                                      Tel: 020 7929 5599

Full corrected announcement:

Placing for  Further Funding for Weald Basin Activities

UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) is pleased to announce that it has today raised gross proceeds of £4 million through the placing of 266,666,667 new ordinary shares in the Company ("New Shares") at 1.5 pence per share to funds managed by an institutional fund manager.

The proceeds of the placing will be used to supplement the Company's existing cash balances to specifically facilitate:

•   Furthering the Company's existing Weald Basin portfolio activities, and in particular those activities focussed on near term strategic growth;

•   Potential investment into new Weald Basin and Southern UK onshore oil and gas activities within the Company's investment strategy;

•   General corporate purposes.

Transaction Summary

The Company will apply for the admission of the New Shares to trading on AIM and such trading is expected to take place on or around 2 June 2016 ("Admission"). Following Admission, the Company's issued share capital will consist of 2,354,003,469 Ordinary Shares with no Ordinary Shares held in treasury. Therefore, the above figure of 2,354,003,469 may be used by shareholders 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 UK Oil & Gas Investments PLC under the FCA's Disclosure and Transparency Rules.

The Company has interests in the following UK licences:

Notes:

1. Oil field currently in production.

2. Oil discovery pending development and/or appraisal drilling.

3. Exploration asset with drillable prospects and leads.

4. Oil discovery with recently completed successful flow testing.

5. UKOG has a 6% interest in Angus Energy, which has a 70% interest in Lidsey and a 60% interest in Brockham.

6. UKOG has a direct 42% interest in HHDL which has a direct 65% interest in PEDL137 and PEDL246.