Conditional Offer for Business and Assets

19 April 2024 IOG plc The Joint Administrators of IOG Plc ("IOG", or the "Company"), (AIM: IOG.L) have received an offer for its business and assets, including the entire issued share capital of IOG North Sea Limited, IOG Infrastructure Limited and IOG UK Limited. The price offered is £5m. The offer will not provide a return to the shareholders of the Company. The offer is subject to certain conditions, inter alia bondholders' approval and release of certain security, regulatory approvals, including consent from the North Sea Transition Authority', and to the extent required,