Director Change

2 April 2013

Matra Petroleum plc

("Matra" or the "Company")

Director Change

Matra Petroleum plc announces with great sadness that Sir Michael Jenkins, Non-executive Chairman passed away on Monday 1st April. Sir Michael had served on the Board of Matra since 2007.

The Board will meet this week to appoint a chairman and expects to make a further announcement shortly.

Maxim Barskiy, Chief Executive of Matra commented:

"On behalf of the Board, I would like to express our heartfelt sadness and regret at Sir Michael's passing. Sir Michael's career was one of great distinction, and we were extremely fortunate to receive the benefit of his wisdom, experience and leadership while he served as our Chairman. He will be sorely missed. Our thoughts are with his family at this difficult time."

For further information, please contact:

Matra Petroleum plc c/o Pelham Bell Pottinger

Henry Lerwill 020 7861 3169

Canaccord Genuity Limited

Henry Fitzgerald-O'Connor 0207 523 8000