Result of AGM

Dublin

26 June 2014

Petroceltic International plc

Results of Annual General Meeting

Petroceltic International plc, ("Petroceltic" or "the Company") the upstream oil and gas exploration and production company focused on the Middle East, North Africa, the Mediterranean and Black Sea regions, announces that resolutions 1 to 12 proposed at the Annual General Meeting held earlier today, and as set out in the Notice of Annual General Meeting dated 30 May 2014, were all duly approved by shareholders.

Resolution 13 (to disapply pre-emption rights in certain limited circumstances) was proposed as a special resolution, which required approval of shareholders representing not less than 75% of votes cast. A poll was called by the Chairman in respect of Resolution 13 and it was defeated.

An announcement in relation to changes to the composition of the board of Petroceltic arising from the agreement with Worldview Capital Management SA, details of which were announced on 16 June 2014, will be made in due course.

Ends

For further information, please contact:

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

Philip Dennis / Rollo Crichton-Stuart,

Pelham Bell Pottinger Tel: +44 (20) 7861 3919

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 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, exploration and development assets in Algeria, Egypt, Bulgaria, Romania, the Kurdistan Region of Iraq, Italy and Greece.