Change of Nominated Adviser and Broker

Max Petroleum Plc

(the "Company")

Change of Nominated Adviser and Broker

2 March 2015

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the status of Oriel Securities Limited ("Oriel") as a nominated adviser has been transferred to Stifel Nicolaus Europe Limited ("Stifel"). This is as a result of a group reorganisation following the acquisition of Oriel by Stifel Financial Corp. With immediate effect, the Company's nominated adviser and joint broker is therefore Stifel. For further information see the AIM Notice dated 2 March 2015.