Issue of Options

RNS Number : 7884F

Solo Oil Plc

20 June 2012

Solo Oil Plc

("Solo" or "the Company")

Issue of Options

Solo Oil Plc announces that it has issued options over a total of 28 million new ordinary shares of 0.01p each in the Company at an exercise price of 0.5p per share (compared to the latest mid market price on AIM of 0.43 p). These options will vest immediately and will expire on 31 December 2015.

The options represent in aggregate 1.08% of the existing issued share capital and have been issued to the Directors as follows:.

Name	Options issued	Existing options	Ordinary shares	Total	% of issued share capital
D. Lenigas	12,500,000	77,500,000	2,850,000	92,850,000	3.58%
N. Ritson	12,500,000	40,000,000	21,000,000	73,500,000	2.87%
S. Barblett	3,000,000	11,250,000	600,000	14,850,000	0.57%