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Exercise of Options

21st Jun 2007 13:18

Max Petroleum PLC21 June 2007 Max Petroleum Plc (the "Company") Exercise of Options 21 June 2007 The Company announced today that options have been exercised over 1,250,000 newOrdinary Shares of 0.01p each, for total consideration of £1,250,000. Application has been made for these shares to be admitted to trading on the AIMMarket of the London Stock Exchange on 27 June 2007. On allotment of these newshares, the issued ordinary share capital of the Company is increased to314,033,931 Ordinary Shares of 0.01p each. Enquiries: Max Petroleum PLC Michael B. Young T: +44 (0)20 7355 9590 Chief Financial Officer Peter Moss T: +44 (0)7834 572 837 Investor Relations Manager Merlin PR Tom Randell / Maria Suleymanova T: +44 (0)20 7653 6620 WH Ireland Ltd David Porter / James Joyce T: +44 (0)20 7220 1666 This information is provided by RNS The company news service from the London Stock Exchange

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