RNS Number : 8077E

Union Jack Oil PLC

01 November 2022

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

1 November 2022

Union Jack Oil plc

("Union Jack" or the "Company")

Transaction in Own Shares

Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company, is pleased to announce that it has purchased a total of 100,000 of its ordinary shares of 5 pence each in the capital of the Company (the "Shares") through the Company's Broker, SP Angel Corporate Finance LLP, as follows.

 Date of purchase                     31 October 2022 
 Number of Shares purchased           100,000 Shares 
 Highest price paid per Share            33 pence 
 Lowest price paid per Share             33 pence 
 Volume weighted average price paid      33 pence 
  per Share 

The Company intends to hold these Shares in Treasury.

Including Shares which have been purchased but not yet settled, to date the Company has purchased 300,000 Shares in Treasury.

Following the above purchase, the Company holds 300,000 of its Shares in Treasury and has 112,865,896 Shares in issue (including Shares held in Treasury). Therefore, the total voting rights in the Company will be 112,565,896 (excluding Shares held in Treasury). This number represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For further information, please contact

Union Jack Oil plc info@unionjackoil.com

David Bramhill

SP Angel Corporate Finance LLP +44 (0)20 3470 0470

Nominated Adviser and Joint Broker

Matthew Johnson

Richard Hail

Caroline Rowe

Shore Capital +44 (0)20 7408 4090

Joint Broker

Toby Gibbs

Iain Sexton

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November 01, 2022 03:00 ET (07:00 GMT)

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