Petroceltic : Result of EGM

Dublin

26 June 2014

Petroceltic International plc

Results of Extraordinary General Meeting

Petroceltic International plc, ("Petroceltic" or  "the Company") the upstream oil and gas exploration and production company focused on the Middle East, North Africa, the Mediterranean and Black Sea regions, announces that the resolution proposed at the Extraordinary General Meeting held earlier today to approve the disapplication of pre-emption rights in connection with the second tranche of the Placing, as set out in the notice of Extraordinary General Meeting dated 16 May 2014, was duly approved by shareholders.

Completion of the second tranche of the Placing remains conditional on Admission of the Second Tranche Shares to trading. It is expected that Admission of the 29,163,130 Second Tranche Shares to trading on AIM and ESM will become effective, and that dealings in the Second Tranche Shares will commence, at 8.00am on 27 June 2014. The total number of ordinary shares in issue following Admission of the Second Tranche Shares, and the total number of voting rights, will be 213,718,250.

The above figure of 213,718,250 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Petroceltic.

Unless the context otherwise requires, defined terms used in this announcement shall have the meanings give to them in the circular to shareholders of the Company dated 16 May 2014, a copy of which is available on the Company's website atwww.petroceltic.com

Ends

For further information, please contact:

Brian O' Cathain /Tom Hickey, Petroceltic International        Tel: +353 (1) 421 8300

Philip Dennis / Rollo Crichton-Stuart,

Pelham Bell Pottinger                                                             Tel: +44 (20) 7861 3919

Douglas Keatinge / Joe Heron, Murray Consultants              Tel: +353 (1) 498 0300

John Frain / Roland French, Davy                                          Tel: +353 (1) 679 6363

Notes to Editors:

Petroceltic International plc is a leading Upstream Oil and Gas Exploration and Production Company, focused on the Middle East, North Africa, Mediterranean and Black Sea regions, and listed on the London Stock Exchange's AIM Market and the Irish Stock Exchange's ESM Market. The Company has production, exploration and development assets in Algeria, Egypt, Bulgaria, Romania, the Kurdistan Region of Iraq, Italy and Greece.