Change of Significant Shareholder

14 May 2010

Matra Petroleum plc

('Matra' or the 'Company')

Change of Significant Shareholder

Matra was notified on 13 May 2010 by Macquarie Bank Limited that following the disposal of 8,700,000 ordinary shares, it now holds 82,300,000 ordinary shares in the Company, representing approximately 7.73% of the Company's issued ordinary share capital.

Enquiries:

Matra Petroleum plc www.matrapetroleum.com

Peter Hind, Managing Director Tel: +44 (0) 7990 807855

Matrix Corporate Capital LLP Tel: +44 (0) 20 3206 7000

Louis Castro

Anu Tayal

Pelham Bell Pottinger Tel: +44 (0) 20 7337 1500

Evgeniy Chuikov

Henry Lerwill