AIM Cancellation

Doriemus plc

("Doriemus" or the "Company")

AIM Cancellation and Application for Admission to ISDX

Further to the announcement made on 11 September 2015 regarding the suspension of trading of the Company's shares on AIM due to the option agreement entered into for the acquisition of a further 60.56% of Greenland Gas & Oil Plc (the "Option", "GGO"), the Directors of the Company now announce that the decision has been made not to exercise the Option owing to a number of different factors.

As a result of this decision, the Company has therefore neither completed a reverse takeover in accordance with AIM Rule 14, nor implemented its investing policy to the satisfaction of the Exchange in accordance with AIM Rule 15. As such the Company's ordinary shares will be cancelled from admission to trading on AIM pursuant to AIM Rule 41 on 14 March 2016.

The Company further announces that it has applied for admission of its issued share capital to trading on the ISDX Growth Market. Such admission is expected to take place on or around 15 March 2016. This is expected to provide shareholders of the Company with liquidity and trading options, and a platform from which to grow the Company's investment portfolio.

For further information please contact:

Doriemus plc: +44 (0) 20 7440 0640

Donald Strang / Hamish Harris