RNS Number : 8270U

Baron Oil PLC

31 July 2020

31 July 2020

Baron Oil Plc

("Baron Oil", "Baron" or "the Company")

Correction to number of shares admitted to trading on AIM

Baron Oil Plc (AIM:BOIL), the AIM-quoted oil and gas exploration company focused on opportunities in SE Asia, Latin America and the UK, has identified that, due to administrative errors over the 2005 to 2010 period, the total number of ordinary shares of 0.025p each in the Company ("Ordinary Shares") that are in issue does not match the number of Ordinary Shares for which applications have been made for admission to trading on AIM. The Company has therefore applied for 53,975,250 Ordinary Shares to be admitted to trading on AIM ("Admission") and the date on which Admission is expected to become effective is on or arou nd 6 August 2020. The 53,975,250 Ordinary Shares that were omitted from admission to trading on AIM represent approximately 1.2% of the issued share capital of the Company.

The Company's issued share capital consists of 4,426,409,576 Ordinary Shares and following the Admission of the 53,975,250 Ordinary Shares to trading on AIM this figure will remain unchanged from the Company's last total voting rights announcement which was made on 31 March 2020. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares in the Company with full voting rights is 4,426,409,576. Following Admission, the number of Ordinary Shares admitted to trading on AIM will also be 4,426,409,576.

For further information, please contact:

Baron Oil Plc                               +44 (0)20 7117 2849 
Dr Malcolm Butler, Executive Chairman 
Andy Yeo, Managing Director 
Allenby Capital Limited                     +44 (0)203 328 5656 
Nominated Adviser and Joint Broker 
Alex Brearley, Nick Harriss, Nick Athanas 
Turner Pope Investments (TPI) Limited       +44 (0)20 3657 0050 
Joint Broker 
Andy Thacker, Zoe Alexander 

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July 31, 2020 11:30 ET (15:30 GMT)

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