Conversion of Loan Notes

NIGHTHAWK ENERGY PLC

("Nighthawk" or "the Company")

Conversion of Loan Notes and Total Voting Rights and Share Capital

Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), announces that it has received conversion notices from holders of £707,500 nominal of its zero coupon unsecured loan notes 2015 ("Loan Notes").

As a result, application has been made for 28.3 million new ordinary shares of 0.25 pence each ("Ordinary Shares") arising on such conversion to be admitted to trading on AIM. The admission of these shares is expected to take place at 8.00 a.m. on Thursday 27 December 2012.

Further details of the Loan Notes are set out in the shareholder circular issued by the Company dated 4 January 2012. Following this conversion, Loan Notes of £5,167,500 nominal will remain in issue.

Following the issue of these new shares, Nighthawk will have 942,235,420 Ordinary Shares in issue, which will also represent the total number of voting rights in the Company. This figure should be used by shareholders 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, the Company under the FSA's Disclosure and Transparency Rules.

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