Appointment of Nominated Adviser and Joint Broker

30 April 2013

Falkland Oil and Gas Limited

("FOGL" or "the Company")

Appointment of Nominated Adviser and Joint Broker

FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, is pleased to announce that it has appointed RBC Europe Limited, trading as RBC Capital Markets, as Nominated Adviser and Joint Broker with immediate effect.

ENQUIRIES:

Falkland Oil and Gas Limited

www.fogl.com

Tim Bushell, Chief Executive Tel: +44 (0)207 563 1260

RBC Capital Markets (Nominated Adviser and Joint Broker)

Matthew Coakes / Jeremy Low / Daniel Conti Tel: +44 (0)207 653 4000

Jefferies Hoare Govett (Joint Broker)

Alex Grant / Chris Zeal / Graham Hertrich Tel: +44 (0)207 029 8000

FTI Consulting

Ed Westropp / Natalia Erikssen Tel: +44 (0)207 831 3113