Share Placement to Delek

16th May 2007 10:00

Matra Petroleum PLC16 May 2007 PRESS RELEASE For immediate release: 16th May 2007 Matra Petroleum plc ("Matra" or the "Company") Matra Completes Share Placement to Delek Matra is pleased to announce that it has completed the placement of 135 millionordinary shares to Delek-International Energy Limited, raising a total of £6.075million. This represents 29.9% of the 452 million ordinary shares now in issue.The resulting revised schedule of significant shareholders is as stated belowand has also been posted on the Matra website at www.matrapetroleum.com TOTAL TOTAL 16 May 07 16 May 07 NO. % ----------- ----------- DELEK-INTERNATIONAL ENERGY LIMITED 135,000,000 29.9%GARTMORE FUND MANAGERS LTD 48,640,254 10.8%GENESIS INVESTMENT MANAGEMENT LLP 32,300,000 7.1%RAB CAPITAL PLC 29,700,000 6.6%KOMPANIA GAZ I NEFT 27,500,000 6.1%CRAIG BURTON 18,400,000 4.1% ----------- ----------- 291,540,254 64.5% Gideon Tadmor, President and CEO of Delek Energy Systems Limited (Delek Energy),a $400 million oil and gas company, has been invited to join the Board ofDirectors of Matra. Gideon has held his position at Delek Energy for 6 years, leading the companythrough the discovery and development of the 1.4 TCF Noa Mari-B gas field,offshore Israel, where over $550 million has been invested in this projectto-date. Matra's Managing Director Peter Hind said "Delek provides significant strengthto Matra's shareholder base and we are very pleased that Gideon has agreed tojoin the board. His extensive experience in major upstream projects will beinvaluable in Matra's next stage of development." For further information, please contact: Matra Petroleum www.matrapetroleum.comPeter Hind, Managing Director +44 (0) 7990 807 855 Aquila Financial Limited www.aquila-financial.comPeter Reilly +44 (0) 20 7202 2601Yvonne Fraser +44 (0) 20 7202 2603 Matra's nominated Advisor is RFC Corporate Finance Ltd - Contact: Steve Allen +61894802500 This information is provided by RNS The company news service from the London Stock Exchange

---

Related Shares:

MTA.L