Doriemus PLC - Result of Open Offer

21 October 2016

Doriemus PLC

(“Doriemus” or the “Company”)

Result of Open Offer

Doriemus PLC (ISDX:DOR), the London traded UK focused oil and gas exploration and production investment company, is pleased to report the results of the Open Offer that was announced on 6 September 2016.

Highlights:

• £434,625.43 raised from Qualifying Shareholders, representing a 50.2% take up under the Open Offer.

• Firm commitments to subscribe for up to the full amount of the Ordinary Shares in the Open Offer scaled back pro-rata accordingly, with new investors subscribing to £430,574 worth of Shares at the Open Offer Issue Price of £0.00035.

  Result of the Open Offer

  The Open Offer to raise up to £865,200 closed for acceptances at 11.00 a.m. on 18 October 2016 and the Company is pleased to announce that it has received valid acceptances in respect of 1,241,778,368 Open Offer Shares from Qualifying Shareholders at a price of £0.00035 per share to raise approximately £434,600. Qualifying Shareholders who have validly applied for Open Offer Shares will receive their full Open Offer Entitlement.  All eligible applications under the Excess Application Facility will be allocated their Open Offer Shares as applied for. Other subscribers have subscribed for the 1,230,221,631 Ordinary Shares at a price of £0.00035 per share to raise a further approximately £430,500, not taken up by Qualifying Shareholders. A total of £865,200 has been raised, representing the full amount sought under the Open Offer.

  It is expected that the Open Offer Shares and the subscription shares totaling 2,471,999,999 Ordinary Shares will be admitted to trading on 24 October 2016. Following admission to trading there will be 10,711,999,997 Ordinary Shares in issue.

  The Directors interests on admission will be as follows:

  Ordinary Shares                                   % of Enlarged Share Capital

  David Lenigas: 130,000,000                        1.21%

  Hamish Harris: 96,200,000                          0.89%

  Grant Roberts: 48,100,000                          0.45%

  Donald Strang: 96,200,000                          0.89%

  A copy of the Open Offer circular can be found at www.doriemus.co.uk. Terms defined in the Open Offer circular have the same meaning in this announcement.

David Lenigas, Executive Chairman of Doriemus Plc, commented:

“This is an excellent result for a company that is quoted on the London ISDX Growth Market and the board thanks all the shareholders who have taken up their entitlements to the Company’s Open Offer. All shareholders who requested additional shares on top of their 3 for 10 entitlements have been been allocated the additional shares requested as part of this Open Offer. The Company is now well placed to fund its cash calls on the exciting and upcoming Brockham sidetrack well planned for the Brockham oil field before the end of the year, and the large amount of appraisal work planned for the Horse Hill oil discovery near Gatwick Airport next year.”

The directors of the Company accept responsibility for the contents of this announcement.

-ENDS-

For further additional information, please contact:

Doriemus plc David Lenigas / Donald Strang	[phone]
Peterhouse Corporate Finance Limited Corporate Adviser Guy Miller / Fungai Ndoro	[phone]
Optiva Securities Limited Broker Christian Dennis / Jeremy King	[phone]
Square1 Consulting Public Relations David Bick	[phone]

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