Posting of Annual Report 2014 and Notice of AGM

21 August 2014

Fastnet Oil & Gas plc

("Fastnet", the "Company" or the "Group")

Posting of Annual Report 2014 and Notice of AGM

Fastnet (AIM: FAST, ESM: FOI), the UK and Irish listed E&P company focussed on near-term exploration and appraisal acreage in Morocco and the Celtic Sea, announces that copies of the Annual Report for the year ended 31 March 2014 have today been sent to shareholders along with the Notice of Annual General Meeting ("AGM"). Copies are also available from the Company's website, www.fastnetoilandgas.com.

The AGM will be held at 12 noon on 15 September 2014 at InterContinental London Westminster, 22-28 Broadway, London SW1H 9JS, England.

For those based in Ireland, a shareholders' meeting will also take place at 12.30pm on 16 September 2014 in St. Stephen's suite in the Shelbourne Hotel, Dublin.

This meeting will consist of a short business presentation by Directors, following which shareholders will have the opportunity to ask questions in an informal environment. Light refreshments will be provided. Please note that this meeting is for information purposes only and that all statutory business of the AGM will be carried out at the meeting to be held in London on 15 September 2014. All proxy forms and votes will only be relevant in respect of the London meeting. Shareholders are very welcome to attend both meetings.

For further information please contact: