KEA.L Regulatory News (KEA)

Kea Petroleum plc

("Kea" or "the Company")

Result of 2014 Annual General Meeting

Kea Petroleum plc (AIM: KEA), the oil and gas company focused on New Zealand, announces that all resolutions put to its shareholders at today's Annual General Meeting were duly passed.

The resolutions included shareholder consent for the proposed capital reorganisation, as follows:

(i) a Consolidation of every 10 Existing Ordinary Shares into one Consolidated Ordinary Share; and

(ii) an immediate Sub-Division of each of those Consolidated Ordinary Shares into one New Ordinary Share and one New Deferred Share.

The expected timetable for the remaining events related to the capital reorganisation is outlined below:

Although resolutions 7 and 8 in the notice of meeting were passed in the form set out in the notice, the form of those resolutions contained typographical errors which overstated the powers and authorities actually intended to be sought. Accordingly, the Directors have resolved to limit their exercise of the powers and authorities given to them so that:

(i) their general authority to issue shares under s551 Companies Act 2006 ("the Act") is limited to shares with a nominal value of £313,289.86 generally, and a further £313,289.86 pursuant to a pre-emptive offering (and not £3,132,898.60 as stated in resolution 7), and otherwise in accordance with the provisions of resolution 7; and

(ii) their power to issue equity shares other than in accordance with the statutory pre-emption rights contained in s561 of the Act, is limited to equity shares with a nominal value of £187,973.92 (and not £1,879,739.20 as stated in resolution 8) and otherwise in accordance with the provisions of resolution 8.

For further information please contact:

Notes to Editors:

Kea Petroleum is an AIM listed oil and gas exploration company with interests in three petroleum exploration permits in the Taranaki Basin of New Zealand. Kea listed on the London AIM market in February 2010.