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

A bout

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    [e-mail]
Ben Harber   Company Secretary   [phone]