Capital Markets Day

Dublin

11th February 2013

Petroceltic International plc

Capital Markets Day

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 today hosting a Capital Markets Day in London for investors and analysts.

The Company intends to provide a detailed insight into the enlarged business following the merger with Melrose Resources. The presentation will also provide insight to production and development assets, the 2013 exploration programme and the Group's financing. No new material information will be disclosed in the presentation and no new trading information will be provided.

The event will commence at 2:00 p.m. (GMT) at the Lincoln Centre, 18 Lincoln's Inn Fields, London, WC2A 3ED. The presentation will also be available on the Company's website (www.petroceltic.ie) at 2.00 p.m. (GMT) today.

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

Notes to Editors:

Petroceltic International plc is a leading Upstream Oil and Gas Exploration and Production Company, focused on 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 and Italy.