Reference is made to the announcement dated 24th November 2014 in relation to a private placement.
Following the completion of the offering and the issue of 85.491 new shares, Independent Oil & Resources Plc share capital has been increased by NOK 213.727,50. The new share capital is NOK 43.444.080 comprised of 17.377.632 shares with a nominal value of NOK 2.50 per share.
All shares allocated as a result of the offering have now been registered with VPS System.
Limassol, 5th January 2015
Independent Oil & Resources Plc
Jan Egil Moe-Chairman