Exercise of Warrants and Holding Notification

Kea Petroleum plc

("Kea" or the "Group")

Exercise of Warrants and Holding Notification

Exercise of warrants

Warrant holders have exercised in total 3,660,625 warrants at 8p. A committee of the Board of Kea approved this transaction on 19 February 2013. The new ordinary shares will rank pari passu with the existing ordinary shares and application has been made for the admission of the newly issued shares to trading on AIM which is expected to commence at 8.00 a.m. on 25 February 2013.

Following the exercise of these warrants, the issued share capital of the Group will be 639,228,125 ordinary shares.

Holding Notification

The Board of Kea announces that it was informed on 18 February 2013 that Hardie Oceanic Pty Ltd reduced its interest in the Company, over the first six months of 2012, to 24,670,769 ordinary shares, representing 3.86% of the current issued share capital of the Company through the disposal of 4,560,000 shares at an average price of 9.5 pence per share.

To learn more about Kea Petroleum, visit: www.keapetroleum.com or contact:

Notes to Editors:

Kea Petroleum is an AIM listed oil and gas exploration company with interests in four petroleum exploration permits in the Taranaki Basin of New Zealand. Kea listed on the London AIM market in February 2010.