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INDEPENDENT OIL & RESOURCES PLC - IOTA

AMENDMENT OF MATURITY DATE FOR STOCK OPTIONS IN PETROLIA NOCO AS

Reference is made to stock notice dated 9.12.2022 re invitation to subscribe for stock options in Petrolia NOCO AS.

The stock option agreement was closely linked to the drilling programme of Petrolia NOCO AS for 2023. This programme has been moved into 2024.

The Board of Directors has therefore decided to amend the maturity date for the stock options to December 20, 2024.