Director/PDMR Shareholding

Immediate Release 17 October 2011

Roxi Petroleum plc

("Roxi" or the " Company")

Director/PDMR Shareholding

Further to the announcement on 29 September 2011 relating to the conversion of debt to equity, the Company is pleased to announce that Kuat Oraziman now holds/controls 382,165,716 shares, representing approximately 62.7 per cent. of the issued share capital.

The structure of Mr. Oraziman's holdings, and the organisations through which he holds/controls them, are set out below:

Name of Company/ Fund: Vertom International NV

Number of shares: 141,958,273

Percentage of issued shares: 23.29%

Name of Company/ Fund: Baverstock GmbH

Number of shares: 98,000,000

Percentage of issued shares: 16.08%

Name of Holder: Mr. Oraziman

Number of shares: 95,207,443

Percentage of issued shares: 15.62%

Name of Company/ Fund: Roditie NV

Number of shares: 47,000,000

Percentage of issued shares: 7.71%

For Further enquiries, please contact:

Roxi Petroleum plc

David Wilkes CEO +7 727 244 0920

Strand Hanson Limited

Andrew Emmott / Cordelia Orr-Ewing +44 (0) 20 7409 3494

Buchanan (Financial PR)

Tim Thompson / Ben Romney / Helen Chan +44 (0) 20 7466 5000