Directors' Dealings

Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas 28 June 2013 Magnolia Petroleum Plc(`Magnolia' or `the Company') Directors' Dealings Magnolia Petroleum Plc, the AIM quoted US onshore oil and gas exploration andproduction company, received notification today that Steven Snead, the CEO,Rita Whittington, the COO, Ronald Harwood, a non-executive director, and GavinBurnell, a non-executive director, have each made the following purchases inthe ordinary shares of the Company: Director Date of Ordinary Price P Subsequent % of Issued Purchase Shares aid Holding Share Purchased Capital Steven Snead 28 June 500,000 2.4p 201,715,998* 22.2 2013 Rita 28 June 85,000 2.4p 11,720,294 1.3Whittington 2013 Ronald 28 June 250,000 2.4p 31,112,426 3.4Harwood 2013 80,000 2.45p Gavin 28 June 250,000 2.4p 14,835,797 1.6Burnell 2013 *Includes the interest in ordinary shares held by Snead Family LLC The total issued share capital of the Company comprises 910,672,851 ordinaryshares of 0.1p each. **ENDS** For further information on Magnolia Petroleum Plc visitwww.magnoliapetroleum.com or contact the following: Steven Snead Magnolia Petroleum Plc +01 918 449 8750 Rita Whittington Magnolia Petroleum Plc +01 918 449 8750 Jo Turner / James Caithie Cairn Financial Advisers LLP +44 20 7148 7900 John Howes / Alice Lane / Northland Capital Partners +44 20 7796 8800Luke Cairns Limited Lottie Brocklehurst St Brides Media and Finance Ltd +44 20 7236 1177 Frank Buhagiar St Brides Media and Finance Ltd +44 20 7236 1177 Notes Magnolia Petroleum Plc is an AIM quoted, US focused, oil and gas explorationand production company. Its portfolio includes interests in 117 producing andnon-producing assets, primarily located in the highly productive Bakken/ThreeForks Sanish hydrocarbon formations in North Dakota as well as the oil richMississippi Lime and the substantial and proven Woodford and Hunton formationsin Oklahoma. Summary of Wells Category Number of wells Producing 117 Being Drilled / Completed 11 Elected to participate / waiting to 30spud TOTAL 158 This table excludes four out of six wells acquired as part of the acquisitionof 800 gross acres with a 100% working interest in Osage County, Oklahoma, asannounced on 10 February 2012. These four wells are currently `shut in' andwill require a workover programme at some point in the future to bring backinto production.