Response to Worldview Announcement

Dublin

19 February 2015

Petroceltic International plc

Further responses to certain allegations made by Worldview

Petroceltic International plc ("Petroceltic" or the "Company"), responds to the untrue allegations made by Worldview Capital Management ("Worldview") today that it is seeking to prevent Worldview from attending the forthcoming EGM.

Petroceltic is not trying to prevent Worldview attending the EGM. The Company has informed Worldview's advisers the procedures which Worldview or any other shareholder must follow to comply with Irish Company law. 

Worldview holds its shares through a number of entities and each is entitled to appoint a proxy to attend at the EGM. The process for appointing a proxy is clearly set out in the Notice of EGM and the Form of Proxy. It makes clear that each shareholder may appoint one proxy only. The Company's procedures are fully in accordance with Irish law and are designed to ensure that all Petroceltic shareholders are treated equally and fairly.

Ends

For further information, please contact:

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

Philip Dennis / 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