REG – United Oil & Gas PLC

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION (EU) 596/2014 AS IT FORMS PART OF DOMESTIC LAW IN THE UNITED KINGDOM BY VIRTUE OF THE EU (WITHDRAWAL) ACT 2018 (“MAR”). IN ADDITION, MARKET SOUNDINGS (AS DEFINED IN MAR) WERE TAKEN IN RESPECT OF THE PLACING WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF INSIDE INFORMATION (AS DEFINED IN MAR), AS PERMITTED BY MAR. THIS INSIDE INFORMATION IS SET OUT IN THIS ANNOUNCEMENT. THEREFORE, THOSE PERSONS THAT RECEIVED INSIDE INFORMATION IN A MARKET SOUNDING ARE NO LONGER IN POSSESSION OF SUCH INSIDE INFORMATION RELATING TO THE COMPANY AND ITS SECURITIES.

United Oil & Gas PLC / Index: AIM / Epic: UOG / Sector: Oil & Gas

3rd July 2026

United Oil and Gas plc

(“United” or “the Company”)

£500,000 Capital Raise

United Oil & Gas Plc (AIM: “UOG”), the oil and gas company with a high impact exploration asset in Jamaica and a development asset in the UK is pleased to announce a placing of 250,000,000 new ordinary shares of 0.001p each (the “Placing Shares”) at a price of 0.20p per share (“Issue Price”), raising gross proceeds of £500,000 before expenses, by two long term institutional shareholders (the “Placing”) arranged by Tennyson Securities. The Issue Price represents a modest discount to the closing mid-market price of 0.23p on 2 July 2026 being the last day prior to the publication of this announcement.

Net proceeds will be applied to strengthen the Company’s working capital position as it continues to advance the farm-out of the Walton-Morant Licence. Each placee will receive one warrant for every three Placing Shares subscribed, exercisable at 0.28p per share for 6 months from the date of issue.

Brian Larkin, CEO, commented:

“This Placing, by existing two long term institutional shareholders who know this Company and its assets well, strengthens our working capital at a point when the technical work is complete and the farm-out process is active and progressing. Securing additional working capital under current more favourable market conditions is in our view the prudent course, both for the Company and for shareholders.

We remain focused on progressing the farm-out and will update the market as and when appropriate.”

Settlement and Admission

Application will be made to the London Stock Exchange for admission of the 250,000,000 Placing Shares to trading on AIM (the “Admission”). It is expected that Admission will become effective and that dealings in the Placing Shares will commence at 8.00 a.m. on or around 9 July 2026.

Total Voting Rights

Following admission of the Placing Shares, the Company’s enlarged issued share capital will comprise 4,636,021,868 ordinary shares. This figure may be used by shareholders as the denominator for calculations to determine whether they are required to notify their interest in the Company under the FCA’s Disclosure Guidance and Transparency Rules.

**ENDS**

Beaumont Cornish Limited (“Beaumont Cornish”) is the Company’s Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish’s responsibilities as the Company’s Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Notes to Editors

United Oil & Gas is an oil and gas company with a development asset in the UK and a high impact exploration licence in Jamaica.

The business is led by an experienced management team with a strong track record of growing full cycle businesses, partnered with established industry players and is well positioned to deliver future growth through portfolio optimisation and targeted acquisitions.

United Oil & Gas is listed on the AIM market of the London Stock Exchange. For further information on United Oil and Gas please visit www.uogplc.com

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