Union Jack Oil : Dividend Declared

14 May 2024

Union Jack Oil plc

("Union Jack" or the "Company")

Dividend Declared

Union Jack Oil plc (AIM: UJO; OTCQB:UJOGF), a UK and USA focused onshore hydrocarbon production, development, exploration and investment company is pleased to announce, further to its notification of 17 April 2024, the details of a dividend payable to shareholders.

The financial position of Union Jack remains strong, especially with the additional revenues from the Company's assets in the USA. Consequently, following a review of the Company's capital requirements, notwithstanding an extended and dynamic drilling programme in the USA, the Board has decided it is appropriate to make a further distribution to shareholders.

The Board declares a dividend of 0.25 pence per ordinary share with a London Stock Exchange ex- dividend date of Thursday 4 July 2024, a record date of Friday 5 July 2024 and a payment date of Friday 26 July 2024.

For further information, please contact the following:
Union Jack Oil plc	[e-mail]
David Bramhill
SP Angel Corporate Finance LLP	[phone]

Nominated Adviser and Joint Broker

Matthew Johnson

Kasia Brzozowska

Richard Hail

Shore Capital

[phone]

Joint Broker

Toby Gibbs

Harry Davies-Bell

Gneiss Energy Limited

[phone]

Financial Adviser

Jon Fitzpatrick

Paul Weidman

BlytheRay

[phone]

Financial PR

Tim Blythe

Megan Ray

Harbor Access

[phone]

Investor Relations

Jonathan Paterson

Tommy Zima