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Before we proceed...

Before we proceed...

Please read the conditions of the disclaimer.

Disclaimer

The Capital Markets Day presentations (the "Documents") have been prepared by Eland Oil & Gas plc (the "Company") solely for information purposes. The Documents may not be reproduced, used or disclosed without the prior written consent of the Company.

The Documents are not intended to form the basis of any investment activity or decision, and should not be considered as a recommendation by the Company that any recipient should acquire any interest in the share capital or in any other interest in the Company or provide debt of any kind. It does not constitute or form part of any offer or invitation to sell or issue, or a solicitation of an offer or invitation to purchase or subscribe for, any securities or other interests in the Company or any related entity and no legal relations shall be created by its issue. The information set out in the Documents shall not form the basis of any prospectus, contract or commitment whatsoever and should not be relied upon in relation to any prospectus, contract or commitment. By accessing the Documents, each recipient acknowledges that it will be solely responsible for its own assessment of the relevant market and the market position of the Company, it will conduct its own analysis and obtain its own professional advice and be solely responsible for forming its own view of the business and financial condition of the Company and the Company's potential future performance.

No reliance may be placed for any purpose whatsoever on the information contained in the Documents or any assumptions made as to its completeness or fairness. The information contained in the Documents is for background purposes only and is subject to amendment, revision and updating. In particular the proposals referred to herein are subject to verification, updating, revision, amendment and completion without notice.

The distribution or access of the Documents in certain jurisdictions may be restricted by law and therefore persons into whose possession the Documents comes should inform themselves about and observe such restrictions. Any person who receives the Documents in violation of such restrictions should not act upon it and should return it to the Company immediately. The Documents is not directed to, or intended for distribution or use by any persons or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction.

No representation, warranty or undertaking, express or implied, or liability or duty of care is or will be given by the Company or its representatives as to the fairness, reliability, omission of, or reasonableness, accuracy or completeness of the information or opinions in the Documents or any other written or oral information made available to any interested party or its advisers, without prejudice to any liability for, or remedy in respect of, fraudulent misrepresentation. In particular, but without prejudice to the generality of the foregoing, no representation or warranty is given as to the achievement or reasonableness of any future projections, management estimates, prospects or returns contained in the Documents or in such other written or oral information. To the fullest extent possible, by receiving the Documents each recipient releases the Company and each of its representatives in all circumstances (other than fraud) from any liability. Accordingly, the Company or its representatives shall not be liable for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any statement in or omission from the Documents or in any other information or communications in connection with the Documents.

The Documents includes "forward-looking statements". All statements other than statements of historical facts in the Documents, including, without limitation, those regarding the future financial position, objectives, development and strategies of management for future operations of the Company and/or the Business are forward-looking statements. The Company uses the words "anticipates", "estimates", "expects", "believes", "intends", "plans", "may", "will", "should" and any similar expressions to identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company's control, which may cause the Company's and/or its business' actual results, performances or achievements of its results, or industry results, to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding the Company's and/or its business' present and future business strategies and the environment in which the Company and/or its business will operate in the future. As a result of the risks, uncertainties and assumptions the recipients should not place undue reliance on the forward-looking statements.

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