Max Petroleum Plc

(the "Company")

Holdings in Company

7 July 2014

On 4 July 2014, the Company received notification that, as of 27 June 2014, Deutsche Bank AG ("DB") was interested in 154,046,420 ordinary shares in the Company ("Ordinary Shares") , consisting of 153,926,420 Ordinary Shares and warrants entitling DB to acquire a further 120,000 Ordinary Shares at an exercise price of 5p per share. If these warrants were exercised (and assuming no other warrants or options in the Company were exercised) the resulting holding of DB would represent 7.08% of the then issued share capital of the Company.

Enquiries:

Max Petroleum Plc

Tom Randell

Director of Investor Relations

Tel: +44 (0)207 355 9590

Oriel Securities

Michael Shaw / Tom Yeadon

Tel: +44 (0)207 710 7600

Charles Stanley Securities

Mark Taylor / Marc Milmo

Tel: +44 (0)207 149 6000



Instinctif Partners

David Simonson / Anca Spiridon

Tel: +44 (0)207 457 2020


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