Holding(s) in Company

54 Jermyn Street, London SW1Y 6LX, United Kingdom

Telephone: + 44 (0)20 7629 7774 Facsimile: + 44 (0)20 7629 7773

 4th DECEMBER 2017

Significant Shareholdings

Spitfire Oil Limited ('the Company") has today been advised that Paul and Michelle Johnson have acquired 282,500 shares in the Company bringing their total beneficial holding to 2,534,080 shares in the Company representing 9.8% of the total issued share capital the Company.

Spitfire Oil Ltd: Telephone: +44 (0)20 7629 7774

Mladen Ninkov - Chairman

Roger Goodwin - Director

Panmure Gordon (UK) Limited: Telephone: +44 (0)20 7886 2500

Dominic Morley

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No.596/2014.

Spitfire Oil Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol SRO).

The Company's news releases are available on the Company's web site: www.spitfireoil.com