Directors’ Share Purchases

Magnolia Petroleum Plc / Index: AIM / Epic: MAGP / Sector: Oil & Gas 23 October 2013 Magnolia Petroleum Plc(`Magnolia' or `the Company') Directors' Share Purchases Magnolia Petroleum Plc, the AIM quoted US onshore oil and gas exploration andproduction company, received notification today that Ronald Harwood and GavinBurnell, both non-executive directors, have each made the following purchasesin the ordinary shares of the Company: Director Date of Purchase Ordinary Price P Subsequent % of Issued Shares aid Holding Share Purchased Capital Ronald 22 October 2013 500,000 2.7p 31,612,426 3.47Harwood Gavin 22 October 2013 450,000 2.71p 15,635,797 1.72Burnell 350,000 2.68p 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 125 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 125 Being Drilled / Completed 20 Elected to participate / waiting to 33spud TOTAL 178