Update on Subscription by Niel Petroleum S.A.

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

25 September 2013

New World Oil and Gas Plc ('New World' or 'the Company')

Update on Subscription by Niel Petroleum S.A.

Further to the announcements of 12 September 2013 and 19 September 2013, New World now expects a total of 2,190,360,203 new ordinary shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM on 27 September 2013, following completion of the subscription by Niel Petroleum S.A. ("Niel") which is now expected to take place on 26 September 2013.

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Notes

New World Oil and Gas Plc is an oil and gas operating company with three highly prospective projects in Belize and Denmark. New World is operator of all three projects where a systematic programme of seismic acquisition has resulted in multiple prospects being identified and derisked, a number of which have been classified by the Competent Person as being drill ready. New World also operates two projects in onshore Denmark located in producing basins covering a combined area of over 2.6 million acres, making it the largest holder of acreage in Denmark.

Management is constantly evaluating additional projects that would complement the Company's growing portfolio, particularly late stage exploration or early production projects located in basins with large proven reserves that, in the opinion of the Directors, are undervalued, underdeveloped or under-performing.