Issue of Equity

6 June 2012

Matra Petroleum plc

("Matra" or the "Company")

Issue of equity

The board of Matra Petroleum plc announces that it has issued and allotted 6,200,000 new Ordinary Shares of 0.1p each at a price of 0.1p following receipt of forms of notice of the exercise of options. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares. Application will be made for these new Ordinary Shares to be admitted to trading on AIM and admission is expected to take place on 11 June 2012.

Following admission of these shares, Matra will have 1,936,117,872 Ordinary Shares in issue. The Company holds no shares in treasury and each share carries one vote. This figure may be used by shareholders in the Company as the denominator for calculations by which they are required to notify their interest, under the Disclosure and Transparency Rules.

For further information, please contact:

Matra Petroleum plc c/o Bell Pottinger

Henry Lerwill

+44 (0)20 7861 3169

Fox-Davies Capital Limited

Barry Saint (nominated adviser)

Daniel Fox-Davies/ Richard Hail

+44 (0)20 3463 5010