Update on police investigation in Poltava

13 July 2016

JKX Oil & Gas plc ("JKX" or the "Company")

Update on police investigation in Poltava

JKX Oil & Gas plc ("JKX") announces that the police investigation into its Ukrainian subsidiary, Poltava Petroleum Company ("PPC"), which started on 14 June 2016, is continuing. Since the initial visit the local police have continued to request additional documentary information, most recently on 11 July.

PPC is continuing to cooperate fully with the authorities and believes that it is in full legal compliance with the matters outlined in the police requests and that this action is completely unjustified.

The Company is considering taking further legal action. No disruption to the business has occurred as a result of this action.

Further announcements on this subject will be made as and when appropriate.

For further information please contact EM:

Stuart Leasor

[email protected]

T: +44 20 3709 5711

M: +44 7703 537721

Jeroen van de Crommenacker

[email protected]

T: +44 20 3709 5713

M: +44 7887 946719