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REG-Cadogan Petroleum: Update on the current situation in Ukraine

07 March 2022

This announcement contains inside information as defined under the Market
Abuse Regulations n. 596/2014

Cadogan Petroleum Plc

(“Cadogan” or the “Company”)

Update on the current situation in Ukraine

Cadogan Petroleum plc (“Cadogan”), the London Stock Exchange listed
independent oil and gas company, reports that given the situation prevailing
in Ukraine, production operations have been temporarily suspended. The Company
is taking every possible action to ensure the safety of our employees and
their essential needs. All measures have been taken to secure our assets. The
Company is continuing to monitor the situation very closely. Further updates
will be delivered as appropriate.

ENDS

About

Cadogan is an independent, diversified oil and gas company, which operates
exploration and production licenses in Western Ukraine, conducts gas trading
operations, and provides services to E&P companies.

For further information, please contact:

Cadogan Petroleum plc
Fady Khallouf                 Chief Executive Officer 
              fady.khallouf@cadoganpetroleum.com
Ben Harber                       Company Secretary
                      +44 0207 264 4366



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