Date of AGM

President Petroleum Company PLC

("President" or "the Company")

Date of AGM

President's annual general meeting ("AGM") will be held on 13 June 2012 at 11:00 a.m. at the offices of Pelham Bell Pottinger, 6th Floor, Holborn Gate, 330 High Holborn WC1V 7QD.

Copies of the Notice of AGM and a form of proxy were posted with the Company's annual report and accounts on 18th May 2012 and are available on the Company's website at:

http://www.presidentpc.com/assets/downloads/2011_Annual_Report.pdf

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For further information please contact:

President Petroleum Company

John Hamilton, Director +44 (0) 207 811 0140

Ben Wilkinson, Finance Director +44 (0) 207 811 0140

RBC Capital Markets

Jeremy Low, Stephen Foss, Matthew Coakes +44 (0) 207 653 4000

Jefferies Hoare Govett

Simon Hardy, Max Jones +44 (0) 207 029 8316

Pelham Bell Pottinger

James Henderson, Mark Antelme +44 (0) 207 861 3232