Guinness Oil & Gas Exploration Trust Plc - Publication of Prospectus

Placing and Offer for Subscription and Issue of Prospectus

Legal Entity Identifier 2138008D943IK4F2HO80

9 February 2017

Guinness Oil & Gas Exploration Trust plc ("the Company") has today launched a placing and offer for subscription for a target issue of 50 million ordinary shares at 100p per ordinary share ("the Issue"). Full details of the Issue, and of an ongoing placing programme of shares in the Company, are contained in a prospectus ("the Prospectus"), which is being published by the Company today.

The Issue opens today and will close on 23 February 2017.

The Prospectus has been submitted to the Financial Conduct Authority and copies of the Prospectus will shortly be available for download from the Company's website (http://www.gogetplc.com) and from the National Storage Mechanism (http://www.hemscott.com/nsm.do).

For further information, please contact:

Guinness Asset Management Limited
Stephen Williams
Telephone: [phone]
Email: [e-mail]

Sachin Oza
Telephone: [phone]
Email: [e-mail]

Frostrow Capital LLP
Mark Pope
Telephone: [phone]
Email: [e-mail]

Panmure Gordon
Jamie Campbell/Paul Fincham
Telephone: [phone] 886 2713
Email: [e-mail];[e-mail]

Important Information

This announcement does not constitute or form part of, and should not be considered as, any offer for the sale or subscription of, or solicitation of any offer to buy or subscribe for, any shares in the Company or securities in any other entity, in any jurisdiction, including without limitation the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. The announcement does not constitute a recommendation regarding any securities.