Letters of Requisition for an EGM

New World Oil and Gas Plc / Index: AIM / Epic: NEW / Sector: Oil & Gas

For immediate release 23 June 2016

NEW WORLD OIL AND GAS PLC ("New World" or "the Company")

Letters of Requisition for an Extraordinary General Meeting ("EGM")

On 22 June 2016, New World received letters of requisition for an EGM from shareholders representing approximately 10.5% of the total issued share capital of the Company. Following advice from the Company's Jersey Lawyers, and having reviewed its register of members, the Company can now confirm these letters of requisition are valid ("the Requisition").

The purpose of the EGM to be convened is to provide shareholders with the opportunity to vote on ordinary resolutions calling for the immediate removal of Christopher Einchcomb, Stephen Polakoff and Georges Sztyk as Directors of the Company, pursuant to Article 37 of New World's Articles of Association.

The Directors now have a period of 21 days from the date of the deposit of the Requisition to call an EGM, and will update the market in due course.

Trading in the Company's ordinary shares continues to be suspended.