Rejection of proposal – Independent Oil & Gas

Peel Hunt is acting as joint Financial Adviser and joint Corporate Broker to Independent Oil & Gas plc (“IOG” or the “Company”) who have rejected an unsolicited pre-conditional proposal from RockRose Energy plc in respect of a possible cash offer for the entire issued share capital of the Company at a price of 20p pence per IOG share, as announced on 5th March, 2019.