Appointment of CFO

1 August 2017

Eland Oil & Gas PLC

("Eland" or the "Company")

Appointment of CFO

Eland Oil & Gas PLC (AIM: ELA), an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to confirm, further to the announcement on 24 July, that the appointment of Ronald Bain as CFO and director of the Eland Board is effective as of today.

Ronald Yeats Bain (50) is a qualified Chartered Accountant with over 25 years of experience financial management and control. He recently led the Financial Integration Planning for the Baker Hughes / GE Oil & Gas merger. Previous to this Mr Bain was the Regional Accounting Director of Europe, Africa and Russia/Caspian for Baker Hughes, responsible for all financial reporting, financial management and compliance activities in over 40 countries. He has a depth of experience with roles of increasing scope and responsibility including Controllership, Company Secretarial, Treasury and FP&A with companies such as Baker Hughes, BJ Services, Donside Paper Company and Vetco Gray.

Save as disclosed above, there are no further disclosures required to be made in respect of the appointment under Schedule 2(g) or Rule 17 of the AIM Rules for Companies.

For further information:

Eland Oil & Gas PLC (+44 (0)1224 737300)

www.elandoilandgas.com

George Maxwell, CEO

Ronald Bain, CFO

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