Holding(s) in Company

Max Petroleum Plc

(the "Company")

Holdings in Company

7 February 2013

On 1 February 2013, the Company received notification that, as of 31 January 2013, GLG Partners LP ("GLG") held an interest in 285,685,403 ordinary shares in the Company ("Ordinary Shares") consisting of 284,279,195 Ordinary Shares and a warrant entitling GLG to acquire a further 1,406,208 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 15.8% of the then issued share capital of the Company.