Global Petroleum Regulatory News (GBP)

2 December 2011

RNS AIM release

Global Petroleum Limited - Interest in Shares

Global Petroleum Limited advises that 180,000 ordinary shares were acquired on 29 November 2011 by Mr Peter Hill, on market at an average price of 11p.

Mr Hill has an overall interest in the fully issued ordinary shares of Global Petroleum Limited of 180,000 (0.1 per cent.).

Mr Hill is also entitled to be granted the following options in accordance with his employment agreement:

·; 1,500,000 incentive options exercisable at A$0.25 each on or before 1st April 2014, vesting on 1st April 2012;

·; 1,750,000 incentive options exercisable at A$0.30 each on or before 1st October 2014, vesting on 1st October 2012;

·; 1,750,000 incentive options exercisable at A$0.35 each on or before 1st April 2015, vesting on 1st April 2013; and

·; 1,000,000 incentive options exercisable at A$0.45 each on or before 1st October 2015, vesting on 1st October 2013.

Shareholder approval for the grant of the options was received at the Annual General Meeting held on 29 November 2011.

Enquiries: