Holding(s) in Company

Max Petroleum Plc

(the "Company")

Holdings in Company

21 June 2013

On 20 June 2013, the Company received notification that following the transfer of a mandate of GLG Partners LP ("GLG") to manage certain investment funds which hold ordinary shares in the Company ("Ordinary Shares"), as of 18 June 2013, GLG held an interest in 252,103,434 Ordinary Shares consisting of 250,720,516 Ordinary Shares and awarrant entitling GLG to acquire a further 1,382,918 Ordinary Shares at an exercise price of 5p per share.  If this warrant were exercised (and assuming no other convertible bonds, warrants or options in the Company were exercised) the resulting holding of GLG would represent 13.9% of the then issued share capital of the Company.