Exercise of warrants

Kea Petroleum plc

("Kea" or the "Group")

Application for additional listing

Application has been made to the London Stock Exchange for the listing of 1,000,000 ordinary shares in the capital of Kea to be admitted to trading on AIM. These shares were issued as a result of the exercise of warrants and will rank pari passu with the existing issued ordinary shares of the Company. Details of the warrants can be found within the Admission Document. Admission is expected to become effective and dealings to commence in these shares on 27 September 2010. Following the issue of these new shares the ordinary issued share capital of Kea now consists of 508,605,000 ordinary shares of 1 pence each with voting rights. No ordinary shares are held in treasury.

For further information please contact:

Kea Petroleum plc Tel: +44 (0)20 7340 9970

David Lees, Executive Director

RBC Capital Markets Tel: +44 (0)20 7653 4000

Matthew Coakes / Brett Jacobs / Daniel Conti Martin Eales (NOMAD)

Buchanan Communications Tel: +44 (0)20 7466 5000 Tim Anderson / James Strong

Notes to Editors:

Kea Petroleum is an AIM listed oil and gas exploration company with four petroleum exploration permits in Taranaki and Northland Basins of New Zealand. Kea listed on the London market in February 2010.