Directorate Change

Island Oil and Gas PLC 07 June 2006 7 June 2006 ISLAND OIL & GAS PLC ANNOUNCES BOARD CHANGES Island Oil & Gas plc ('Island' or the 'Company'), announces today that Howard Ronald Jones ('HR Terry Jones', 'Terry') has decided to step down as Finance Director and a Director of the Company with immediate effect. Terry Jones joined Island as Finance Director on 1 February 2006. With effect from today, Commercial Director and Company co-founder, Jack McKinney, aged 61, will step back into the role of Acting Finance Director, a position he previously held from the time of the Company's December 2004 admission to AIM up until 1 February 2006. Enquiries: Lisa J Newman MCIPR MIRS Newman Consulting Tel: +44 (0)1252 878682 Ends. This information is provided by RNS The company news service from the London Stock Exchange

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