Director Declaration

Petro Matad Limited

(the "Company")

Director Declaration

In accordance with AIM Rule 17, Petro Matad Limited announces the following change to a director's disclosure under Schedule Two paragraph (g) of the AIM Rules. Dr George Watkins, non-executive Chairman of the Company, has notified the Company that he was also a Director of Idaho Natural Resources Corp., a company listed on NEX Exchange in Canada, which has made a Voluntary Assignment into Bankruptcy pursuant to the Provisions of the Bankruptcy and Insolvency Act (Canada). Subsequently, Dr Watkins has ceased to be a director of that company.

There is no further information required to be disclosed in respect of Schedule Two (g) of the AIM Rules 

Further information:

Petro Matad Limited

George Watkins, Chairman

+976 11 331099

NOMAD and Joint Broker

Westhouse Securities Limited

Richard Baty / Petre Norton

+44 (0) 20 7601 6100

Joint Broker

Macquarie Capital (Europe) Limited

Jeffrey Auld / Steve Baldwin / Nicholas Harland

+44 (0) 20 3037 2000