Cadogan Regulatory News (CAD)

Cadogan Petroleum Plc

("Cadogan" "the Company")

Appointment of non-executive director and board changes

Cadogan Petroleum Plc is pleased to announce the appointment of Mr Gilbert Lehmann as a non-executive director with immediate effect. Mr Lehmann will also become Chairman of the Company's Audit Committee.

Mr Lehmann is currently an adviser to the Executive Board of Areva, the French nuclear energy business, having previously been its Deputy Chief Executive Officer responsible for finance. He is also a past Chief Financial Officer and deputy CEO of Framatone, the predecessor to Areva, and was CFO of Sogee, part of the Rothschild Group.

Mr Lehmann is also Deputy Chairman and Chairman of the Audit Committee of Eramet, the French minerals and alloy business. He is Deputy Chairman and Audit Committee Chairman of Assystem SA, the French engineering and innovation consultancy. He was Chairman of ST Microelectronics NV, one of the world's largest semiconductor companies, from 2007 to 2009, and stepped down as Vice Chairman in 2011.

There are no items to disclose in accordance with UKLA LR 9.6.13 sections 2-6.

This appointment concludes the series of changes to the Board of Cadogan since its Annual General Meeting in June 2011. Zev Furst, who has acted as interim Chairman since 2 August 2011, will take over the role on a permanent basis with immediate effect.

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