Anonymous Blogsite

Dublin

20 August 2015

Petroceltic International plc

Anonymous Blogsite

Petroceltic International plc ("Petroceltic" or the "Company"), notes the announcement issued by Worldview Capital Management this morning in relation to allegations made on an anonymous blogsite.

The Company had no prior knowledge or notification of the claims or concerns, but upon it becoming aware, immediately instigated an investigation in accordance with established procedures. On the basis of the investigation it has conducted to date, the Company considers the allegations to be entirely baseless, untrue and defamatory. 

The Company has commenced an action in the Irish Courts to ascertain the identity of the blogger. Once identified, he/she will be invited to demonstrate any bona fide evidence to support the allegations made. If no such evidence is forthcoming, the Company will take appropriate legal action against any party who has made or repeats such defamatory statements in order to protect the good name and reputation of Petroceltic, its staff and consultants.

ENDS

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