Holding in Company

Petroceltic International plc ('Petroceltic' or the 'Company')

The Company has today received a notification from Worldview EHS International Master Fund and Worldview Special Situations Fund, stating that, following market trades made on 28th June 2012, the Worldview EHS International Master Fund and Worldview Special Situations Fund have an interest in 75,291,362 ordinary shares which represents 3.18% per cent* of the Company's issued ordinary share capital. Of this, 71,141,362 shares (representing 3.00%* of the Company's issued ordinary share capital) are registered to Credit Suisse Securities (Europe) Limited in its capacity as prime broker to the Worldview Funds.

* This percentage shareholding is based on a shares in issue figure of 2,369,105,049 ordinary shares.

Dublin: 2nd July 2012