Re Directorate

ENEGI OIL PLC

AIM ticker: 'ENEG'

OTC ticker: 'EOLPF'

3 March 2014

Enegi Oil Plc

("Enegi" or "the Company")

Re Directorate

Enegi, the independent Oil and Gas Company with a portfolio of projects located in the UK North Sea, Newfoundland, Canada, Ireland and Jordan, today announces that Derek Cochrane has decided that, given his ongoing personal commitments, he is unable to continue to contribute as an effective Non-Executive Director of the Board and has decided to step down from the Board with immediate effect.

Alan Minty, CEO of Enegi, commented:

"The Board would like to thank Derek for his considerable contribution during his time with the Company both as an Executive and Non-Executive Director and wish him well in the future."

www.enegioil.com

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About Enegi Oil

Enegi Oil Plc is an independent oil and gas company whose strategy is to build a diverse portfolio of assets with a strong emphasis on acquiring interests in marginal fields. These marginal fields are low risk highly-appraised projects and consequently the Company's entry cost will be low. Enegi will look to develop these assets utilising ABTechnology's buoyant solutions, which are appropriate and change the development economics of a project. This is also expected to enable the early booking of reserves. The Company's current portfolio is made up of operations focused on opportunities around the Port au Port Peninsula in Newfoundland, Canada, the Clare Basin in County Clare, Ireland, the UK North Sea and Jordan. The Port au Port Peninsula is located in western Newfoundland, which, although lightly explored, is in an active petroleum system with light oil having been discovered on a number of occasions. The Clare Basin is located in western Ireland and initial technical studies show that it has the potential to contain shale gas. The Company's licences in the UK North Sea have discovered hydrocarbons on them and have been selected based on buoy technology operating criteria. The Company has also entered into the highly prospective Dead Sea and Wadi Araba Block in Jordan with its partner Korea Global Energy Corporation.