March 06, 2014 12:57 ET

Convertible Loan Issue

                                                                               6 March 2014
                                     IMC Exploration Group Plc
                              ("IMC" or the "Company" or the "Group")

                                      Convertible Loan Issue

IMC Exploration Group Plc announces that it has entered in to an agreement with Wilhan Ltd for the
subscription of funds by way of a convertible loan note of up to Euro 200,000 (two hundred
thousand) being the principal amount.

The first Euro100,000 of the loan note is available for immediate draw down and will be used to
provide the company with working capital. The balance of the loan note will be available for draw
down within the next six months at the call of the company.

Details of the Convertible Loan Note:

The convertible loan notes will be unsecured and carry a coupon rate of up to
10% and will be convertible, at any time within one year at the holders election, into ordinary
shares of GBP0.02 per share, such shares ranking pari pasu with all other shares.

Wilhan Ltd is a private investment vehicle where Director Liam McGrattan is also a Director and
Chairman of IMC.

The Directors of the issuer accept responsibility for this announcement.

Contact Details:

IMC Exploration Group Plc
Mr. Liam McGrattan
Tel. Ireland: +353 87 2745427

LHM Casey McGrath
Mr. Con Casey
Tel. Ireland: +353 1 495 9200

Contact Information