22 January 2015

Sound Oil plc

("Sound Oil" or the "Company")

Issue of Equity re RBL Facility

Sound Oil, the European / Mediterranean focused upstream oil and gas company, today announces the issue of 3,906,250 ordinary shares in the Company (the "New Ordinary Shares") at an effective price of 16 pence per ordinary share (representing an 80.3% premium to the closing mid-market price per ordinary share on 21 January 2015) in satisfaction of the introduction fee for the Reserve Based Lending facility announced by the Company on 13 November 2014 (the "Facility").  Application will be made for the 3,906,250 New Ordinary Shares to be admitted to trading on AIM and it is expected that dealings will commence on 28 January 2015.

As announced by the Company on 13 November 2014, Greenberry S.A., the provider of the Facility, had agreed for the introduction fee payable in connection with the Facility to be paid in Sound Oil shares at an effective issue price of 16 pence per ordinary share.

As a result of the issue of the New Ordinary Shares, Continental Investment Partners S.A. ("Continental") is now directly and indirectly interested in 68,193,750 ordinary shares in the Company, representing 16.27% of the Company's issued share capital (as enlarged by the issue of the New Ordinary Shares) and Marco Fumagalli, a director of the Company, is Managing Partner of, and 25% shareholder in, Continental.

Following the issue of the New Ordinary Shares, the Company will have 419,207,065 ordinary shares in issue and there are no shares held in treasury. This is the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the Disclosure and Transparency Rules.

James Parsons, Sound Oil's Chief Executive Officer commented:

"The Nervesa RBL was the second major investment by our cornerstone investor and fully funds the next Nervesa well, where we expect site operations to commence shortly.

Sound Oil is on the cusp of a very exciting operational period with various permits expected imminently, a busy 2015 drill programme and first gas at Nervesa."

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