Request for EGM from Worldview

Dublin

16 July 2015

Request for EGM from Worldview

Petroceltic International plc ("Petroceltic" or the "Company") announces that it has received a letter seeking to call an extraordinary general meeting ("EGM") from Vidacos Nominees Limited, the registered holder of 26.5% of the issued share capital of the Company, of which the beneficial owners are certain funds managed by Worldview Capital Management Ltd.

The Company is taking advice in relation to the letter and further announcements will be made in due course.

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

Doug 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 Middle East, 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 assets in Egypt and Bulgaria, a core development asset in Algeria, and high impact exploration initiatives in Italy and Egypt.