Schedule One update - United Oil & Gas plc

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

UNITED OIL & GAS PLC ("UOG", "United" or the "Company")

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Registered office address:

200 Strand

London

WC2R 1DJ

Trading address:

9 Upper Pembroke Street

Dublin 2

Ireland

COUNTRY OF INCORPORATION:

England and Wales

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.uogplc.com

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

UOG is an oil and gas exploration and development company brought to the Official List (Standard Segment) in July 2017 by way of a reverse takeover of Senterra Energy plc.

The Company has a number of directly held oil & gas assets located in the UK, Italy and Jamaica in development of which it is actively involved. UOG's aim is to focus on production, development and low-risk appraisal/exploration oil and gas assets in Europe, whilst remaining alert for growth opportunities on a global basis, primarily in Caribbean, Latin America and Africa.

The Company currently has its executive management team in Dublin and the business operates in three countries - UK, Italy and Jamaica.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Number of ordinary shares of £0.01 each ("Ordinary Shares") for which Admission is being sought: 345,613,985

There are no restrictions as to the transferability of the Ordinary Shares.

No Ordinary Shares will be held in treasury on Admission.

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

No capital to be raised on Admission.

Anticipated market capitalisation on Admission £17 million (depending on the prevailing mid-market share price of the Company's Ordinary Shares currently listed on the Standard Listing prior to Admission)

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

4.64%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

The Company's Ordinary Shares are currently admitted to the Official List (by way of a Standard Listing) and to trading on the London Stock Exchange's Main Market for listed securities. The listing will be cancelled concurrently with AIM Admission. Therefore, as from Admission the Company's Ordinary Shares will only be traded on AIM.

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

Alan Graham Martin, Non-Executive Chairman

Brian Edward Andrew Larkin, Chief Executive Officer

Jonathan James Leather, Chief Operating Officer

Alberto Cattaruzza, Non-Executive Director

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

NONE

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

N/A

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December

(ii) Accountants' report for the year ended 31 December 2017 along with comparatives for the periods ended 31 December 2016 and 31 December 2015 and also unaudited half-yearly accounts for the six-month period ended 30 June 2018 along with comparatives for the period ended 30 June 2017

(iii) 30 June 2019 (annual accounts for the year ended 31 December 2018

30 September 2019 (half-yearly accounts for the six-month period ended 30 June 2019)

30 June 2020 (annual accounts for the year ended 31 December 2019)

EXPECTED ADMISSION DATE:

1 March 2019

NAME AND ADDRESS OF NOMINATED ADVISER:

Beaumont Cornish Limited

10th Floor

30 Crown Place

London

EC2A 4EB

NAME AND ADDRESS OF BROKER:

Optiva Securities Limited

49 Berkeley Square

Mayfair

London

W1J 5AZ

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

The AIM Admission Document will be available from the Company's registered office and from the offices of Beaumont Cornish, 10th Floor, 30 Crown Place, London EC2A 4EB during normal business hours on any weekday (Saturdays and public holidays excepted). An electronic version will be available to download from the Company's website: www.uogplc.com

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

QCA Corporate Governance Code

DATE OF NOTIFICATION:

20 February 2019

NEW/ UPDATE:

UPDATE