Appointment of Chief Financial Officer

Fastnet Oil & Gas plc

Appointment of Chief Financial Officer

Fastnet Oil and Gas plc ("Fastnet" or the "Company") (AIM: FAST, ESM: FOI), the E&P company focussed on exploration acreage in Africa and the Celtic Sea, is pleased to announce that Will Holland has been appointed to the Board of Directors as Chief Financial Officer, with immediate effect.

Will has over 20 years of experience in the oil and gas business, primarily gained in Africa and Europe. He started his career as a cementing and 'frac' engineer at Halliburton Energy Services before moving into business development roles based in Africa. After 2 years leading internal audit teams at Halliburton, he joined Macquarie Bank in London in 2007 where he originated, structured and managed equity and debt investments in small-cap E&P companies. Will holds a B.Eng (Mech) from Warwick University and an MBA from Heriot-Watt University.

Cathal Friel, Chairman of Fastnet commented:

"I am delighted to announce the appointment of Will as CFO of Fastnet. His financial experience, combined with an in-depth knowledge of the industry and technical understanding will prove invaluable to the Company as it continues to develop and grow in the years ahead."

For further information, please contact:

Regulatory Information

William Peter Holland, aged 41, currently holds, and has held (including all appointments during the five years preceding the date of this announcement), the following directorships and partnerships, other than of the Company:

Current Directorships

Grafton Energy Limited

Past Directorships

Macquarie Bank Limited

There are no other matters which are required to be announced under Rule 17 or Schedule Two, paragraph (g) of the AIM Rules.