Appointment of Joint Corporate Broker

Dublin

28th November, 2012

PETROCELTIC INTERNATIONAL PLC

Appointment of Joint Corporate Broker

Petroceltic International plc ("Petroceltic" or "the Company"), the upstream oil and gas exploration and production company focused on North Africa, the Mediterranean and Black Sea regions, is pleased to announce the appointment of HSBC as joint corporate broker effective immediately. HSBC will act as joint corporate broker to Petroceltic with Bank of America Merrill Lynch and Davy. Davy will continue to act as nominated adviser to Petroceltic.

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

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

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