Board Changes

Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas 21 January 2015 Magnolia Petroleum Plc (`Magnolia' or `the Company') Board Changes Magnolia Petroleum Plc, the AIM quoted US focused oil and gas exploration andproduction company, announces that Dr John Cubitt has resigned as Chairman andfrom the Board of the Company by mutual consent, with immediate effect. Gavin Burnell, an existing non-executive Director, has been appointed Chairmanof the Board. Magnolia COO, Rita Whittington said, "We are grateful to Dr Cubitt for hiscontribution to the Company since 2009 and extend our best wishes to him forthe future." * * ENDS * * For further information on Magnolia Petroleum Plc visitwww.magnoliapetroleum.com or contact the following: Steven Snead Magnolia Petroleum Plc +01 918 449 8750 Rita Whittington Magnolia Petroleum Plc +01 918 449 8750 Jo Turner / James Caithie Cairn Financial Advisers LLP +44 20 7148 7900 John Howes / Alice Lane Northland Capital Partners Limited +44 20 7796 8800 Lottie Brocklehurst St Brides Partners +44 20 7236 1177 Frank Buhagiar St Brides Partners +44 20 7236 1177 Notes Magnolia Petroleum Plc is an AIM quoted, US focused, oil and gas explorationand production company. Its portfolio includes interests in 176 producing andnon-producing assets, primarily located in the highly productive Bakken/ThreeForks Sanish hydrocarbon formations in North Dakota as well as the oil richMississippi Lime and the substantial and proven Woodford and Hunton formationsin Oklahoma. Summary of Wells Category Number of wells Producing 176 Waiting on first sales / IP rates 1 Being drilled / completed 9 Elected to participate / waiting to spud 38 TOTAL 224