Exercise of Options

4 Jul 2008 10:11



PRESS RELEASE

For immediate release: 4th July 2008

Matra Petroleum plc ("Matra" or the "Company")

Issue of New Shares on Exercise of Options

Following the exercise of 9,000,000 Options at 2p on 3rd July 2008, Matra has duly issued additional ordinary shares of 0.1p.

4,800,000 of these options were issued to Craig Burton who is a Company director and now holds 23,200,000 shares representing approximately 5% of the Company's issued ordinary share capital.

Application has been made for the admission of the new shares to AIM on 9th July 2008 and subsequent to this issue Matra will have a total of 461,251,205 shares in issue.

For further information, please contact:

Matra Petroleum  www.matrapetroleum.com 

Peter Hind, Managing Director +44 (0) 7990 807 855

Aquila Financial Limited www.aquila-financial.com 

Peter Reilly +44 (0) 118 979 4100

Matra's nominated Advisor is RFC Corporate Finance Ltd - 

Contact: Steve Allen +61894802500