Directors’ Share Purchases

Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas 10 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 following the purchase of anadditional 103,092 ordinary shares of the Company at a price of 0.67p on 9March 2015, the Board of Directors and management have completed their sharepurchase programme ahead of entering a close period. This brings the totalnumber of ordinary shares acquired by the entire Board and management team inMarch 2015 to 3,127,949. A breakdown of the latest purchases and subsequentholdings is as follows: Director Date of Purchase Ordinary Price Subsequent % of Issued Shares Paid Holding Share Purchased Capital Steven Snead 9 March 2015 39,651 0.67p 202,726,748 22.26% Ron Harwood 9 March 2015 39,650 0.67p 33,123,175 3.64% Rita 9 March 2015 19,826 0.67p 12,225,669 1.34%Whittington Derec Norman 9 March 2015 3,965 0.67p 101,075 0.01% 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