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RNS Number : 7977X

Anglo African Oil & Gas PLC

02 September 2020

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 ("MAR").

Anglo African Oil & Gas plc ("AAOG" or "the Company")

Issue of Equity

The Company announces that it has today issued 15,158,637 new ordinary shares of 0.1p each at a price of 0.2553p each in respect of the conversion by Riverfort Global Opportunities PCC Limited ("Riverfort") of GBP38,700 principal of the convertible loan note entered into between the Company and Riverfort on 10 June 2020. Application has been made for the admission of the new ordinary shares to trading on AIM ("Admission") and dealings are expected to commence on 7 September 2020.

On Admission, the Company will have 488,867,864 Ordinary Shares in issue and there are no shares held in treasury. Therefore, the Company's total number of Ordinary Shares with voting rights is 488,867,864. The figure of 488,867,864 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

 
 Anglo African Oil & Gas plc               info@aaog.com 
 Sarah Cope, Non-Executive Chair 
 
 finnCap Ltd (Nominated Adviser)           Tel: +44 20 7220 0500 
 Christopher Raggett, Giles Rolls, Teddy 
  Whiley (Corporate Finance)

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