Notice of Extraordinary General Meeting

25 November 2013

Circle Oil Plc

("Circle" or the "Company")

Notice of Extraordinary General Meeting

Circle Oil Plc (AIM: COP) the international oil and gas exploration, development and production company wish to notify that an Extraordinary General Meeting of the Company will be held at the Double Tree by Hilton Hotel (formerly the Burlington Hotel), Upper Leeson Street, Dublin 4 on Tuesday 17 December 2013 at 12 noon for the purpose of approving an Employee Long Term Incentive Plan (the "LTIP Scheme").

Further information on the proposed LTIP Scheme, including the notice of meeting and an explanatory memorandum will be posted to shareholders and available for download from the Company's website (http://www.circleoil.net).

For further information contact: 

Circle Oil Plc (+44 20 7638 9571)Brendan McMorrow, CFO

Investec (+44 20 7597 5970)Chris SimGeorge Price

James Rudd

Liberum Capital Limited (+44 20 3100 2000)Simon Atkinson

Clayton Bush

Tim Graham

Citigate Dewe Rogerson (+44 20 7638 9571)Martin JacksonPriscilla Garcia

Murray Consultants (+353 1 498 0320)Joe MurrayJoe Heron

Notes to Editors

Circle Oil Plc (AIM: COP) is an international oil & gas exploration, development and production Company with an expanding portfolio of assets in Morocco, Tunisia, Oman and Egypt with a combination of low-risk near-term production and significant exploration upside potential. The Company listed on AIM in October 2004.

Internationally, the Company has continued to expand its portfolio over the past years and now has assets in the Rharb Basin, Morocco; the Ras Marmour Permit in southern Tunisia; the Mahdia Permit offshore Tunisia and the Zeit Bay area of Egypt. Circle also has the largest licence holding of any company in Oman. In addition to its prospective Block 52 offshore, Circle also has an ongoing exploration programme in Block 49 onshore.

Circle's strategy is to locate and secure additional licences in prospective hydrocarbon provinces and through targeted investment programmes, monetise the value in those assets for the benefit of shareholders. This could be achieved through farm-outs to selected partners who would then invest in and continue the development of the asset into production, or Circle may itself opt to use its own expertise to appraise reserves and bring assets into production, generating sustained cash flow for further investment.

Further information on Circle is available on its website at www.circleoil.net