Pharos Energy Regulatory News (PHAR)

18 June 2012

SOCO International plc("SOCO" or "the Company")

SHARE REPURCHASE PROGRAMME

Pursuant to the renewed authority conferred by shareholders at the Company's Annual General Meeting on 13 June 2012, the Company announces that it will continue its share repurchase programme through its broker, Merrill Lynch International. The timing and quantum of any purchases will be determined with regard to prevailing market conditions and in accordance with the aforementioned authority. In light of prevailing liquidity conditions and in line with the Market Abuse Directive, the Company may from time to time purchase in excess of 25 per cent of the average daily volume, but not in excess of 50 per cent.