Exercise of Options

5th Jul 2007 08:30

Meridian Petroleum PLC05 July 2007 5 July 2007 MERIDIAN PETROLEUM PLC ("Meridian" or "the Company") The Company today announces that it has issued and allotted 65,000 ordinaryshares of 5 pence each ('Ordinary Shares') at a price of 10 pence per share,pursuant to the exercise of share options by a former director of the Company. The shares will rank pari passu with the existing Ordinary Shares of in theCompany and trading of these shares on AIM is expected to commence on 9 July2007. The total number of Ordinary Shares in issue following this exercise of optionsis 96,495,963. For further information contact: Meridian Petroleum Plc Ambrian PartnersStephen Gutteridge, Chairman Neil Maclachlan / Tim Goodman+44 (0) 20 7811 0140 +44 (0) 20 7776 6400 This information is provided by RNS The company news service from the London Stock Exchange

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PPC.L