PCI.L Regulatory News (PCI)

Dublin

14th December 2011

Petroceltic International plc

Board Appointment

Petroceltic International plc ("Petroceltic" or "the Company") the independent oil & gas exploration company focussed on the Middle East, North Africa (MENA) and Mediterranean region today announces the appointment of Hugh McCutcheon as a Non-Executive Director.

Mr McCutcheon (58), formerly head of corporate finance at Davy ("Davy"), will join the Board with immediate effect.

Hugh joined Davy in 1989 after a successful career in PriceWaterhouse, where he qualified as a chartered Accountant. He has been Head of Corporate Finance at Davy since 2001 where he was involved in numerous privatisations, IPOs, other fund raisings, debt raising and debt restructuring, public takeover bids as well as private M&A transactions across a large number of sectors. Throughout this period he has maintained a continuous focus on and interest in the natural resources sector and has advised oil and gas companies including Tullow Oil plc, Dragon Oil plc, Providence Resources plc, Aminex plc and Petroceltic International plc.

Hugh has an honours degree in Economics from Trinity College Dublin, and is a Fellow of the Institute of Chartered Accountants in Ireland.

Rob Arnott, Chairman of Petroceltic, commented:

"Hugh McCutcheon brings a wide range of skills and experience in deal-making and corporate governance to Petroceltic and on behalf of the board and our shareholders I am delighted to welcome him to the team".

The following are the directorships and partnerships held by Mr McCutcheon within the past five years:

Current Directorships Origin Enterprises Plc, Anthemis Advisers Limited

Past Directorships: Davy Corporate Finance, J&E Davy Holdings

Mr McCutcheon currently holds 1,100,000 ordinary shares in Petroceltic. There are no further details that are required to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM and ESM Rules.

Ends

For further information, please contact:

Brian O'Cathain/Tom Hickey, Petroceltic International Tel: +353 (1) 421 8300

Philip Dennis/Rollo Crichton-Stuart,

Pelham Bell Pottinger Tel: +44 (20) 7861 3919

Joe Murray / Joe Heron, Murray Consultants Tel: +353 (1) 4980300

John Frain / Stephen Barry, Davy Tel: +353 (1) 679 6363