Petroceltic International PLC : Posting of Scheme Circular & Annual Report

Not for release, publication or distribution, directly or indirectly, in whole or in part, into or within the United States, Australia, Canada, Japan, the United Arab Emirates (including in the Dubai International Financial Centre) or South Africa or any jurisdiction where to do so would constitute a violation of the relevant laws.

7 May 2013

Petroceltic International plc

("Petroceltic International" or, with its subsidiaries and any new holding company, the "Group")

Publicationof Scheme Circular(including notices of Court Meeting and AGM)and Annual Report

On 3 May 2011, Petroceltic International announced details of the proposalsto establish a new Irish-incorporated holding company of the Group, to be implemented by means of a scheme of arrangement ("Scheme") under Section 201 of the Irish Companies Act, and the introduction of the new holding company ("Petroceltic plc") to the Official Lists of the UK Listing Authority and Irish Stock Exchange and to trading on their respective Main Markets.

A circular setting out full details of the Scheme, together with noticesof Court Meeting and Annual General Meeting, has been despatched to shareholders today (the "Scheme Circular").  A prospectus in relation to Petroceltic plc will be published shortly, at which time a further announcement will be made (the "Prospectus").

Both documents will be available on the Petroceltic International's website (www.petroceltic.com) from their respective publication dates and the Prospectus will be available for inspection from its publication date at Petroceltic plc's registered office and at the offices of Davy in Ireland at 49 Dawson Street, Dublin 2, Irelandand the offices of HSBC in the UK at 8 Canada Square, Canary Wharf, London, E14 5HQ, United Kingdom. 

In addition, Petroceltic International's Annual Report and Accounts for the year ended 31 December 2012 have been uploaded onto itswebsite.

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