Notice of AGM

6th July 2011

Jubilant Energy N.V.

("Jubilant" or the "Company")

Notice of Annual General Meeting

Jubilant announces that its next Annual General Meeting ("AGM") will be held at 2.30pm (Central European Time, 1.30pm UK time) on Friday, the 5th August 2011 at the Sheraton Amsterdam Airport Hotel, Schiphol Boulevard 101, 1118 BG Amsterdam, the Netherlands. The notice of the AGM along with the Annual Report and Accounts for the year ended 31 March, 2011 are being sent to shareholders today.

A copy of this announcement, including the notice of the AGM with supporting documents and the Annual Report and Accounts for the year ended 31 March, 2011 shall shortly be made available on the Company's website, www.jubilantenergy.com.

For further information please contact:

About Jubilant

Jubilant Energy N.V. is a holding company for a group of companies engaged in the upstream oil and gas exploration and production sector with a portfolio of interests in exploration, development and production assets. The group holds interests in seven blocks in India, one of which is a producing field, one of which is under appraisal and development and the rest of the blocks are in various stages of appraisal and exploration. The group has sole operator responsibilities in four of these blocks.

Jubilant's principal strategy is to maximise the opportunity by building and exploiting its diverse portfolio of exploration, development and producing oil and gas assets and hence create sustainable shareholder value. In particular, Jubilant will seek to monetise the value of its reserves and convert its resources to reserves through focused and economical appraisal and development.

The Company listed on AIM on 24th November 2010 and is part of the Jubilant Bhartia Group, a prominent diversified Indian business group founded by Shyam Bhartia and Hari Bhartia with a presence in over 60 countries and revenues of over US$1 billion for FY 2011