UK Oil & Gas Investments PLC

("UKOG" or the "Company")

Completion of acquisition of 100% interest in 300 sq km License in the Weald Kimmeridge Limestone Oil Province

UK Oil & Gas Investments PLC (London AIM and ISDX: UKOG) is pleased to confirm that following the issue and admission of 142,648,840 new ordinary shares in the Company to AIM, it has today completed the 100% acquisition of the 300 sq km (116 sq miles) Weald Basin licence PEDL234.

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 / James Bavister                                                                                      Tel: 020 7220 1666

Square 1 Consulting (Public Relations)

David Bick / Brian Alexander                                                                                      Tel: 020 7929 5599