Publication of Related Party Circular

2 March 2011

FORTUNE OIL PLC

("Fortune Oil" or the "Company")

Publication of Related Party Circular and Notice of the General Meeting

On 23 December 2010, Fortune Oil announced that it had entered in to a conditional agreement to sell its indirect 51% equity interest in Henan Fortune Green Energy Development Co Ltd, a company that is engaged in natural gas and liquefied natural gas operations in China, to Henan Green Energy Group Holding Company Ltd, which owns the remaining 49% equity interest (the "Related Party Transaction").

Fortune Oil announces that a circular incorporating a notice of general meeting of the Company (the "General Meeting") has today been published in connection with the Related Party Transaction and will shortly be issued to shareholders.

A copy of the circular has also been submitted to the National Storage Mechanism (which has replaced the UK Listing Authority's Document Viewing Facility) and will shortly be available for inspection at www.hemscott.com/nsm.do and on the Company's website.

The General Meeting will be held on 31 March 2011 at 11 a.m. at the offices of Reed Smith LLP, The Broadgate Tower, 20 Primrose Street, London, EC2A 2RS.

For further details:

Fortune Oil PLC Tel: 00 852 2583 3120

Tee Kiam Poon

Premal Shah