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Director Shareholding

20 May 2011

Director Dealing

Victoria Oil & Gas Plc (AIM: VOG), the oil and gas company with assets in Cameroon and the Former Soviet Union, announces that Mr Philip Rand, a Non-Executive Director of the Company, was issued 1,500,000 shares of 0.5p each in the capital of the Company by the Victoria Oil & Gas ESOP Trust ("Trust"), which he immediately sold at an average price of 5.088p per share for personal financial reasons.

Following this disposal, Mr Rand remains interested in 1,294,871 shares in the Company, representing approximately 0.06 per cent. of the Company's issued share capital.

For further information, please contact:

Victoria Oil & Gas Plc - Tel: +44 (0) 20 7921 8820

Kevin Foo / Martin Devine

Strand Hanson Limited - Tel: +44 (0) 20 7409 3494

Simon Raggett / Angela Peace