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Notice of AGM and Issue of New Shares

Following the announcement on 26 May 2017 of its preliminary results for the Year Ended 31 December 2016, Independent Oil and Gas plc ("IOG" or the "Company") (AIM: IOG.L), the development and production focused Oil and Gas Company hereby gives notice of its Annual General Meeting and announces the issue of new shares pursuant to an exercise of options.

Notice of AGM
Notice is hereby given that the Annual General Meeting of Independent Oil and Gas plc will be held at the offices of Shakespeare Martineau LLP, 6th Floor, 60 Gracechurch Street, London EC3V 0HR on 29 June 2017 at 10.00am.  The Company posted its 2016 Annual Report and Accounts and the notice of the Company's Annual General Meeting to its shareholders on 5 June 2017.

Issue of New Shares
On 7 June 2017, a contractor to the Company submitted a notice to exercise all of the current 1p options over Ordinary Shares awarded to it, pursuant option an agreement dated 1 March 2017.  Therefore, the Company has today issued a total of 158,531 ordinary shares ("New Ordinary Shares") in the capital of the Company.

The Company has applied to the London Stock Exchange for admission of the New Ordinary Shares to trading on AIM ("Admission").  Admission is expected to occur on 13 June 2017.  Following Admission there will be 109,574,807 Ordinary Shares in issue.  Accordingly, this number 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 and Transparency Rules.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.