Drilling Update

Max Petroleum Plc

(the "Company")

Successful Development Well Drilled in the Zhana Makat Field

18 April 2013

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that the ZMA-A24 development well in the Zhana Makat Field has successfully reached a total depth of 871 metres, encountering hydrocarbons in Jurassic sandstone reservoirs in line with expectations.

The Company plans to complete the well and then place it on production as soon as practicable. The Zhanros ZJ-20 rig will now move to drill the ZMA-E5 development well in the Zhana Makat Field.