Holding(s) in Company

29 January 2014

Matra Petroleum Plc

("Matra" or the "Company")

Holding(s) in Company

Further to the "Holding(s) in Company" announcement released by Matra on the 5 January 2014, the Company has received, on 24 January 2014, further notification under DTR 5.3.1R, that Tricon Energy Finance Limited has exercised the call option over 157,000,000 ordinary shares in Matra previously owned by Delek Energy Systems Limited. Following the acquisition of these additional 157,000,000 ordinary shares, Tricon Energy Finance Limited now holds 396,516,129 ordinary shares that represent 20.48% of the voting rights in Matra.

For further information, please contact:

Matra Petroleum Plc c/o Pelham Bell Pottinger