Notice of EGM

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY IN, OR INTO, THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

17 March 2011

Bahamas Petroleum Company plc

(the "Company")

Notice of Extraordinary General Meeting ("EGM")

Following yesterday's announcement Bahamas Petroleum Company plc announces that it is today posting to shareholders a circular, containing a notice of EGM to be held at IOMA House, Hope Street, Douglas, Isle of Man IM1 1AP on 11 April 2011 at 10.30 a.m.

A copy of the circular and the notice of EGM will be available from the Company's website, www.bpcplc.com.

The material set forth herein is for informational purposes only and does not constitute an offer of securities for sale in the United States or any other jurisdiction. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. No public offering of securities will be made in the United States.

Neither the content of the Company's website nor any website accessible by hyperlinks on the Company's website is incorporated in, or forms part of, this Announcement.