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22 June 2016

IGas Energy Plc

('IGas' or 'The Company')

Statement re Announcement by Pareto Securities

The Company notes the announcement today by Pareto Securities AS, on behalf of an undisclosed client regarding an offer to holders of IGas's USD 165 million senior secured bonds. The announcement can be viewed at http://www.newsweb.no/newsweb/search.do?messageId=404683.

Further to the announcement on 14 June 2016 IGas is in active discussions with its leading bondholders.

The Company will provide a further update as appropriate.

For further information please contact:

IGas Energy plcTel: +44 (0)20 7993 9899

Stephen Bowler, Chief Executive Officer

Julian Tedder, Chief Financial Officer

Ann-marie Wilkinson, Director of Corporate Affairs

Investec Bank plc (NOMAD and Joint Corporate Broker)

Tel: +44 (0)20 7597 4000

Sara Hale/Jeremy Ellis/George Price

Canaccord Genuity (Joint Corporate Broker)Tel: +44 (0)20 7523 8000

Henry Fitzgerald-O'Connor

Vigo CommunicationsTel: +44 (0)20 7830 9700

Patrick D'Ancona/Chris McMahon

IGas Energy plc published this content on 22 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 June 2016 14:35:03 UTC.

Original documenthttp://ir1.euroinvestor.com/asp/ir/IGas/NewsRead.aspx?storyid=13398048&ishtml=1

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