Total Voting Rights and Share Capital

Petro Matad Limited

('Petro Matad' the 'Company')

Total Voting Rights and Share Capital

Following the issue by Petro Matad of an aggregate of 88,410 ordinary shares of $0.01 each ("Shares") in November 2011, the Company advises that the total number of Shares in issue as at the date of this notice is 184,565,284, with each Share carrying the right to one vote.

There are no Shares held in treasury.

The total number of voting rights in the Company is therefore 184,565,284.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest, in the Company.