Directors’ Share Purchases

Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas 9 March 2015 Magnolia Petroleum Plc(`Magnolia' or `the Company') Directors' Share Purchases Magnolia Petroleum Plc, the AIM quoted US onshore oil and gas exploration andproduction company, is pleased to announce that the entire Board of Directorsand Management have purchased a total of 3,024,857 ordinary shares of theCompany at prices of 0.625p, 0.63p and 0.64p over a two day period. A breakdownof the purchases and subsequent holdings are as follows: Director Date of Purchase Ordinary Price P Subsequent % of Issued Shares aid Holding Share Purchased Capital Steven Snead March 5th and 6th 971,099 0.63p 202,687,097 22.26% 0.64p Ron Harwood March 5th and 6th 971,099 0.63p 33,083,525 3.63% 0.64p Gavin March 6th 500,000 0.625p 16,135,797 1.77%Burnell Rita March 5th and 6th 485,549 0.63p 12,205,843 1.34%Whittington 0.64p Derec Norman March 5th and 6th 97,110 0.63p 97,110 0.01% 0.64p The total issued share capital of the Company comprises 910,672,851 ordinaryshares of 0.1p each. **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 +44 20 7796 8800 Limited Lottie Brocklehurst St Brides Partners Ltd +44 20 7236 1177 Frank Buhagiar St Brides Partners Ltd +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 183 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 183 Waiting on first sales / IP rates 2 Being drilled / completed 5 Elected to participate / waiting to 26spud TOTAL 216