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

30 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, announces the resumption of its production
activities. All of our employees are safe. The Company is monitoring the
situation daily and taking appropriate action to ensure the safety and
essential needs of its employees. The assets and the operations are secured.
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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