IGAS Energy : 04/08/2015 Approval of Bond Amendment Terms

4 August 2015

IGas Energy plc (AIM: IGAS)

("IGas")

Approval of Bond Amendment Terms

IGas is pleased to announce that at the bondholders' meetings for the IGas senior secured and senior unsecured bond issues, held today, the requested amendments of the bond terms were approved. The resolutions in respect of the secured bonds obtained 98.57% of the votes, whilst 100% of the votes were obtained in respect of the unsecured bonds.

The amendments, as set out in the announcement of 10 July 2015 and found in the Summons which can be viewed at http://www.igasplc.com/investors/company-publications, align IGas' accounting periods with its operating partners, reflecting the operational and financial developments of the business following the completion of the farm-out with INEOS Upstream Ltd, and provide improved reporting for stakeholders.

The notices from the bondholders' meetings will be posted at Nordic Trustee ASA's website, http://www.stamdata.no.

ENQUIRIES

For further information please contact:

IGas Energy plc

Tel: +44 (0)20 7993 9899

Stephen Bowler, Chief Executive Officer

Ann-marie Wilkinson, Head of Communications

Jefferies International Limited (NOMAD and Joint Corporate Broker)

Tel: +44 (0)20 7029 8000

Graham Hertrich/Jason Grossman

Canaccord Genuity (Joint Corporate Broker)

Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor

Vigo Communications

Tel: +44 (0)20 7016 9570

Patrick D'Ancona/Chris McMahon