PCI.L Regulatory News (PCI)

Dublin

10 June 2011

Petroceltic International plc

Results of Extraordinary General Meeting

Petroceltic International plc, ("Petroceltic" or "the Company") the upstream oil and gas exploration and production company focused on North Africa, and the Mediterranean, announces that the resolutions proposed at the Extraordinary General Meeting held earlier today to approve, inter alia, an increase in the directors' authority to allot equity securities and the disapplication of pre-emption rights in connection with the Placing, as set out in the notice of Extraordinary General Meeting dated 16 May 2011, were all duly approved by shareholders.

Completion of the Placing remains conditional on Admission of the new shares to trading. It is expected that Admission of the 351,000,000 new ordinary shares in the capital of the Company (the "Placing Shares") to trading on AIM and ESM will become effective, and that dealings in the Placing Shares will commence, at 8.00am on 13 June 2011. The total number of ordinary shares in issue following completion of the Placing, and the total number of voting rights, will be 2,369,105,049.

The above figure of 2,369,105,049 ordinary shares may be used by shareholders in the Company 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, Petroceltic.

Unless the context otherwise requires, defined terms used in this announcement shall have the meanings give to them in the circular to shareholders of the Company dated 12 May 2011, a copy of which is available on the Company's website: www.petroceltic.com

Ends

For further information, please contact:

Petroceltic

Brian O'Cathain Chief Executive Tel: +353 (1) 421 8300

Alan McGettigan Finance Director

Pelham Bell Pottinger

Philip Dennis Tel: +44 20 7337 1516

Klara Kaczmarek Tel: +44 20 7337 1524

Murray Consultants

Joe Murray Tel: +353 (1) 4980300

Davy

Hugh McCutcheon Tel: +353 1 6796363

John Frain

Notes to Editors:

Petroceltic International plc is a leading Upstream Oil and Gas Exploration and Production Company, focused on North Africa and the Mediterranean area, and listed on the London Stock Exchange's AIM Market and the Irish Stock Exchange's ESM Market. The Company has exploration and appraisal assets in Algeria, Tunisia and Italy. Petroceltic is in a unique position in Algeria, operating a significant licence in partnership with Sonatrach the National Oil Company of Algeria, as it is the only AIM listed company to enjoy this position.