Pharos Energy Regulatory News (PHAR)

Close period share repurchase programme

SOCO International plc ("SOCO" or the "Company") announces that it is entering into a close period up until the publication of the Company's preliminary results, for the year ending 31 December 2012.

SOCO has entered into an irrevocable, non-discretionary arrangement with its broker, Merrill Lynch International, to purchase ordinary shares of 5 pence each on its own behalf during this close period. It is intended that any shares purchased will be transferred into Treasury. Any acquisitions will be effected within certain pre-set parameters, and in accordance with both SOCO's general authority to repurchase shares and Chapter 12 of the Listing Rules.