Operational Update

Dublin

24 July 2015

Petroceltic International Plc

Operational Update

Petroceltic International plc (AIM: PCI) ("Petroceltic" or the "Company"), the oil and gas exploration, development and production company focused on the North Africa, Mediterranean and Black Sea regions is pleased to announce the approval by the Council of Ministers in Algeria on 22 July of the transfer of its interest in the Isarene Production Sharing Contract in Algeria to its wholly owned subsidiary company Petroceltic Ain Tsila Limited.

This transfer will become fully effective upon formal gazetting in the Official Journal of Algeria, which is expected over the coming weeks.

Ends

For further information, please contact:

Brian O' Cathain /Tom Hickey, Petroceltic International Tel: +353 (1) 421 8300

James Henderson / Rollo Crichton-Stuart, Bell Pottinger Tel: +44 (20) 3772 2500

Douglas Keatinge / Joe Heron, Murray Consultants Tel: +353 (1) 498 0300

John Frain / Roland French, Davy Tel: +353 (1) 679 6363

Notes to Editors:

Petroceltic International plc is a leading Upstream Oil and Gas Exploration and Production Company, focused on the North Africa, Mediterranean and Black Sea Regions, and listed on the London Stock Exchange's AIM Market and the Irish Stock Exchange's ESM Market. The Company has production, exploration and development assets in Algeria, Egypt, Italy and Bulgaria.