Issue of Equity

Altona Energy Plc / Index: AIM / Epic: ANR / Sector: Exploration & Production

21 December 2010

Altona Energy Plc ('Altona' or 'the Company')

Issue of Equity

Altona Energy Plc, the AIM listed Australian based energy company, announces the issue of 2,500,000 ordinary fully paid shares to Mr Qiang (Michael) Zheng, a non-executive director of the Company, in respect to the first tranche of consideration payable under the CNOOC-NEI Joint Venture Success Fees announced on 30 March 2010.

The new shares will rank, pari passu, with all existing ordinary shares. Application has been made for these shares to be admitted to AIM and admission is expected to take place on 24 December 2010. The total number of ordinary shares in issue following the exercise of these options will be 421,452,772.

Following the issue, Mr Zheng holds a total of 2,500,000 shares and 9,500,000 options in the Company.

**ENDS**

For further information visit www.altonaenergy.com or please contact: