Holding(s) in Company

Max Petroleum Plc

(the "Company")

Holdings in Company

18 April 2013

On 17 April 2013, the Company received notification that, as of 15 April 2013, GLG Partners LP ("GLG") held an interest in 270,086,912 ordinary shares in the Company ("Ordinary Shares") consisting of 268,770,073 Ordinary Shares and a warrant entitling GLG to acquire a further 1,316,839 Ordinary Shares at an exercise price of 5p per share. If these warrants were exercised (and assuming no other convertible bonds, warrants or options in the Company were exercised) the resulting holding of GLG would represent 14.9% of the then issued share capital of the Company.