Notice of AGM

3 June 2016

Eland Oil & Gas PLC

("Eland" or the "Company")

Posting of Annual Report & Financial Statements and Notice of AGM

Eland Oil & Gas PLC (AIM: ELA), an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, is today pleased to announce that the Company's 2015 Annual Report and Financial Statements and Notice of Annual General Meeting have been posted to shareholders.

Electronic copies of these documents are available on the Company's website www.elandoilandgas.com.

The Company's Annual General Meeting will be held on 27 June 2016, at 12.00pm at Seabrokers House, Prospect Road, Arnhall Business Park, Westhill, Aberdeen, AB32 6FE, Scotland.

For further information:

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

www.elandoilandgas.com

George Maxwell, CEO

Olivier Serra, CFO

Finlay Thomson, IR

Canaccord Genuity Limited (+44 (0)20 7 523 8000)

Henry Fitzgerald O'Connor

Nilesh Patel

Panmure Gordon (UK) Limited (+44 (0)20 7 886 2500)

Adam James / Atholl Tweedie

Tom Salvesen

Camarco (+44 (0) 203 757 4980)

Billy Clegg / Georgia Mann